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Arlington Office/Retail Space Available
For Lease
$40 SF/Yr

645 R Massachusetts Ave, Arlington, MA 02474

4,000 SF office or retail space for lease.

Space SizeContact for details
Days on Market716

Property Features for 645 R Massachusetts Ave

General Information

Standard status Active

Building Details

Year Built 2024
Listing Agency: Advisors- Commercial
Listed By: Albert Bouchie · License #9522540
Source: Corcoran
Added: Sep 4, 2024 Changed: Mar 16 Last Checked: Mar 16 at 9:37AM

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 Advisors- Commercial

Investment Insights

Based on property information with market context.

This property offers 4,000 square feet of space suitable for either office or retail use. Located in Arlington, Massachusetts, the property presents a versatile opportunity for businesses seeking a new location.

Key Highlights

  • 4,000 SF of flexible office or retail space.
  • Newly constructed building (Year Built: 2024).
  • Suitable for office or retail use.

Property Analytics

Current Use

Office Units

Lease Details

NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,466
Businesses Nearby

Demographics for 02474, MA

28,551
Population
12,541
Households
2.3
Avg Household Size
40
Median Age
74%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,210
Density / Sq Mi
$139,199
Median Household Income
$80,498
Median Earnings
$2,157
Median Rent
$887,000
Median Home Value

Market

Lease Benchmarks for Arlington, MA

$30.2 /SF/Yr
Avg Asking Price
$14–$40 /SF/Yr
Price Range
4,496 SF
Avg Space Size

This space is priced 32% above the average of $30.2 /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
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Frequently Asked Questions

What type of property is this?
Office units - 4,000 SF office or retail space for lease.
Where is this office units located?
The property is located at 645 R Massachusetts Ave Arlington, MA.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 4,000 SF of flexible office or retail space.; Newly constructed building (Year Built: 2024).; Suitable for office or retail use.
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