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Cost-Efficient Office Space Available
For Lease
$26 SF/Yr

109-123 Highland Ave, Needham, MA 02494

Office space for lease in Needham, MA.

Space SizeContact for details
Property Size3,597 SF
Days on Market126

Property Features for 109-123 Highland Ave

General Information

Standard status Active
Size 3,597 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $1.00

Building Details

Building Size 3,597 SF
Year Built 1974
Listing Agency: 128 CRE Commercial Real Estate Agency
Listed By: Jeremy Freid · License #9089542-RE-B
Source: Elliman
Added: Apr 9 Changed: Aug 9 Last Checked: Apr 9 at 6:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 128 CRE Commercial Real Estate Agency

Investment Insights

Based on property information with market context.

Office space is available for lease. The location has a walk score of 65, indicating it is somewhat walkable, a bike score of 42, indicating it is somewhat bikeable, and a transit score of 46, indicating some transit options are available.

Key Highlights

  • Cost‑efficient office space
  • Year Built: 1974
  • Walk Score: 65 (Somewhat Walkable)

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store Food Market Bakery Nail Salon (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,966
Businesses Nearby

Demographics for 02494, MA

10,732
Population
4,254
Households
2.5
Avg Household Size
43
Median Age
75%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
3,833
Density / Sq Mi
$173,750
Median Household Income
$92,148
Median Earnings
$2,452
Median Rent
$1,052,400
Median Home Value

Market

Lease Benchmarks for Needham, MA

$30.65 /SF/Yr
Avg Asking Price
$22.8–$72 /SF/Yr
Price Range
3,942 SF
Avg Space Size

This space is priced 15% below the average of $30.65 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space for lease in Needham, MA.
Where is this office units located?
The property is located at 109-123 Highland Ave Needham, MA.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Cost‑efficient office space; Year Built: 1974; Walk Score: 65 (Somewhat Walkable)
More about this property
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