Tag Archives: Waltham office space for lease

0 10 CityPoint in Waltham

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In addition to the development taking place on Main Street in Waltham, another mixed-use development offering street level retail and 230,000 square feet of high performance workspace is underway at 10 CityPoint in Waltham.  The new project leased its first-class office space to Wolverine Worldwide for the headquarters of its Sperry Top-Sider, Saucony, Keds and Stride Rite brands. Broker’s focusing on the Mass Pike/128 submarkets are optimistic about the development as they feel it will attract more talent and businesses to the area, helping absorb vacancy in surrounding markets such as the office space in Needham and Newton.

10 CityPoint office space in Waltham

Credit: Wicked Local

Wicked Local offers an assessment of the location’s commercial exposure:

“10 CityPoint, located on Route 128 at the exit 27 interchange, will be seen by more than 400,000 cars per day. The project includes street level retail and restaurant options and 230,000 square feet of high performance workspace, according to Boston Properties.”

0 Boston Suburban Office Parks get Reinvented

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Owners and developers across Eastern Massachusetts are seeking to reinvent the suburban office park. In communities such as Waltham, Newton and Needham, developers are adding restaurants, hotels and other amenities to replicate the idea of “live, work, play,” which is an increasing popular attraction in the city. Needham’s soon-to-be largest office tenant, Trip Advisors, will benefit directly from this “live, work, play” attraction.

Wells Avenue office park in Newton, MA

Credit: The Boston Globe

The Boston Globe quantifies the divide between Boston’s urban and suburban landscapes:

“Along Interstate 495, the vacancy rate for Class A offices is hovering at nearly 18 percent, compared with 11.5 percent in Boston and less than 6 percent in Cambridge. Commercial rents are depressed. Offices lease for only $20 per square foot in the region, less than half of what similar space fetches in Boston and Cambridge, according to Jones Lang LaSalle, a commercial real estate firm.”