Newton, Massachusetts, a city located approximately 7 miles west of downtown Boston, is an ideal location for Retail Space For Lease. With its diverse economy, rich history, and cultural attractions, Newton offers a unique blend of amenities, infrastructure, and location that make it an attractive destination for businesses and travelers alike. The city is home to notable employers like Boston College and Newton-Wellesley Hospital, as well as companies such as TechTarget and CyberArk, which contribute to its thriving economy. Additionally, Newton's recreational areas, including Crystal Lake, Auburndale Cove, and Chestnut Hill Reservoir, provide a high quality of life for residents and visitors. With its proximity to downtown Boston and major transportation hubs, Newton is an excellent location for Retail Space For Lease, offering a unique opportunity for businesses to thrive.
Newton's Retail Space For Lease market offers a range of options, with 27 listings available. The average annual rent per square foot is $32 USD, with a minimum of $15 USD and a maximum of $50 USD. The average size of Retail Space For Lease in Newton is 3,042 square feet, with a minimum of 244 square feet and a maximum of 10,830 square feet. In addition to Retail Space, Newton also offers other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and opportunities. Restaurants in Newton benefit from the city's diverse economy and cultural attractions, while Medical Offices are drawn to the city's strong healthcare sector. Office Space in Newton is attractive to businesses seeking proximity to downtown Boston and major transportation hubs.
What is the average cost per square foot for retail space in Newton?
The average cost per square foot for retail space in Newton is $32 USD per square foot, with an average size of 3,042 square feet and a maximum space size of 10,830 square feet available among the 27 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
In Newton, where there are currently 27 available retail space listings, anchor tenants play a significant role in shaping the surrounding retail landscape, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and more competitive terms, such as an average annual rent of $32 USD per square foot and average space sizes of 3,042 square feet, with some spaces reaching up to 10,830 square feet.
