Davis Square Office Space
For Lease
$35 SF/Yr
Pending
377 Summer, Somerville, MA 02144
Newly constructed office space in a prime, thriving location.
Space SizeContact for details
Days on Market899
Property Features for 377 Summer
General Information
Standard status
Pending
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$58,000
Building Details
Year Built
2014
Listing Agency:
SelectRE Boston
(617) 777-6109
Listed By:
Sean McLaughlin
Source:
Corcoran
Added: Feb 29, 2024
Changed: Aug 8
Last Checked: Aug 8 at 12:01PM
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 SelectRE Boston
Investment Insights
Based on property information with market context.
This newly constructed office space is situated in a first-class mixed-use building in Davis Square. The 2000 square foot space features three separate zones, offering the flexibility to subdivide. Underground parking is available. Located directly above a Community Credit Union, the space is suitable for a variety of uses. The property benefits from a prime location with high vehicular and pedestrian traffic, positioned at a signaled intersection. It provides easy access to the Red Line and major highways, including Route 2 and I-93. The intended use of the property is for office space.
Key Highlights
- Prime Davis Square location with high vehicular and pedestrian traffic.
- Newly constructed office space in a first‑class mixed‑use building (built in 2014).
- Easy access to Red Line and major highways (Route 2, I‑93).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
Market
Lease Benchmarks for Somerville, MA
$38.57 /SF/Yr
Avg Asking Price
$15.2–$55 /SF/Yr
Price Range
4,563 SF
Avg Space Size
This space is priced 9% below the average of $38.57 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly constructed office space in a prime, thriving location.
Where is this office units located?
The property is located at 377 Summer Somerville, MA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Prime Davis Square location with high vehicular and pedestrian traffic.; Newly constructed office space in a first‑class mixed‑use building (built in 2014).; Easy access to Red Line and major highways (Route 2, I‑93).
