Category Archives: Needham Office Space

0 Newton & Needham Office Space: the next Kendall Square?

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N2 development in Needham

Credit Wicked Local

A 500-acre parcel of land that borders Route 95 is undergoing a complete re-development as Mayor Warren and elected officials in Needham are trying to develop the parcel into an attractive place for high-tech companies to set up and begin their business. TripAdvisor, which currently employs 500 people in Newton on Needham Street, announced in December of 2012 that it couldn’t find suitable office space to grow its business in Newton.

Wicked Local reports, “last month Newton Mayor Setti Warren went as far as Israel as part of a mission led by Gov. Deval Patrick to promote the N2 corridor. The mayor returned with the news that he had interested several Israeli companies in visiting the corridor to consider expanding or relocating there. Officials say that’s good news for Newton and Needham because of the added jobs and tax revenue new businesses could bring in.”

0 Newton Adds Another Office Development

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Austin St development in Newton

An increased amount of parking spaces throughout Newton will exist in the next handful of years strengthening the parking ratios for office space in this market. Typical parking ratios offered in the dynamic Newton market boast three spaces per 1,000 sf lease. With the addition of the Austin Street development, more businesses will be able to accommodate its employees and their cars. Maybe this will persuade commercial landlords in Needham to bolster the parking ratios they offer for their properties?

From Newton.WickedLocal:

“The proposed Austin Street developer will hold an info session at 8 p.m. on Tuesday, June 24 at Newton North High School Cafeteria, not City Hall as previously planned. Residents will be able to meet and share ideas with Austin Street Partners, the recently selected development team.”