Exploring Restaurant Spaces for Lease in Boston
Boston's vibrant culinary scene offers numerous opportunities for restaurateurs seeking prime locations. Whether you're launching a new eatery or expanding an existing brand, understanding the current market dynamics is essential for making informed decisions.
Current Market Overview
As of November 2024, the commercial real estate market in Boston presents a variety of restaurant spaces for lease:
Average Rental Rates: The average annual rent per square foot for restaurant leases in Boston is approximately $64, with available spaces averaging 4,219 square feet.
Available Listings: Platforms like CityFeet list 19 restaurant spaces for lease in Boston, offering a range of options to suit different business models.
Notable Listings
Several notable restaurant spaces are currently available for lease in Boston:
Restaurant Space with Rooftop – South Boston: Located in the Cambria Hotel, this venue offers a 2,357-square-foot first-floor restaurant space and a 4,872-square-foot rooftop dining area accommodating 240 guests. The lease term is 10 years with two five-year options, and the base rent is $20,000 per month plus NNN.
Downtown Boston Restaurant Spaces: CityFeet features multiple listings in downtown Boston, with spaces ranging from 1,000 to 8,324 square feet, catering to various restaurant concepts.
Considerations When Leasing
When searching for a restaurant space in Boston, consider the following factors:
Location: Proximity to foot traffic, accessibility, and neighborhood demographics can significantly impact your restaurant's success.
Size and Layout: Ensure the space accommodates your operational needs, including kitchen facilities, dining areas, and storage.
Lease Terms: Review the lease agreement carefully, paying attention to rent escalations, renewal options, and any additional costs such as maintenance or utilities.
How Fraser Bond Can Assist
At Fraser Bond, we specialize in connecting clients with commercial properties that meet their specific needs. Our services include:
Personalized Property Matching: We tailor our search to align with your business model and requirements.
Expert Negotiation: Our team negotiates on your behalf to secure favorable lease terms.
Comprehensive Support: From the initial search to the final agreement, we provide guidance throughout the leasing process.
Conclusion
Navigating Boston's commercial real estate market for a restaurant space requires careful consideration and informed decision-making. With the current trends indicating a diverse range of properties and prices, partnering with experienced professionals like Fraser Bond can enhance your search and ensure a successful outcome.
