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Multi-Office Suite

403 Highland Ave. Unit 204/206, Somerville, MA 02144

For Lease
$5,900/Mo

A second-floor workspace combines open-plan area, private offices, and shared support space near Davis Square transit.

Space SizeContact for details
Property Size2,364 SF
Days on Market15

Property Features for 403 Highland Ave. Unit 204/206

General Information

Standard status Active
Size 2,364 SF
Property subtype COMMERCIAL

Space & Availability

Divisible Yes
Floor 2
Space Use Office
Available From Immediate
Private Offices 3
Meeting Rooms 1

Lease Terms

Lease Rate $5,900 /MO
Monthly Rent $5,900
Rent per SF/Year $29.95
Flexible Term Yes

Site & Location

Public Transit Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $9,999

Amenities

5G wireless cable access
on-site parking

Building Details

Building Size 2,364 SF
Year Built 1900
Listing Agency: C. Brendan Noonan & Co.
Listed By: C. Brendan Noonan
Source: Mgsgrouprealestate
Added: Oct 27 Changed: Nov 6 Last Checked: Nov 8 at 3:35PM

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 C. Brendan Noonan & Co.

Rey
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Investment Insights

Based on property information with market context.

The 2,364-square-foot second-floor office suite includes an open work area with a storage closet, three private offices, and a conference room identified as #205 across the hall. A common area provides cabinets, a counter, and a small refrigerator. Multiple windows bring natural light into the space, which may be divided. 5G wireless cable access is available, and utilities are separately metered.

The property is near the Davis Square MBTA Red Line station, with access to Porter Square, Harvard Square, and Boston. Stairs connect street level to the offices. On-site parking is available for lease, and metered street parking is also available.

Key Highlights

  • 2,364 SF second‑floor office suite
  • Three private offices and a conference room (#205) across the hall
  • Open office area with storage closet

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Santander Bank Branch Bank Commonwealth Center-Consultant Psychotherapist Catalano Julie Foster Care Service Grand Central Apartments Apartment Building Martha Friend Art Gallery

Suggested Use

Top Pick Law Firm Nail Salon Big Box & Wholesale Store Food Market Computer & Electronic Repair Parking Lot & Garage

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$4.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,752
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Somerville, MA

$36.82 /SF/Yr
Avg Asking Price
$14.4–$55 /SF/Yr
Price Range
4,247 SF
Avg Space Size

This space is priced 19% below the average of $36.82 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Somerville, MA

$38.49 Jul
$36.47 Aug
$35.66 Sep
$36.82 Oct

Properties on Market for Office Units in Somerville

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - A second-floor workspace combines open-plan area, private offices, and shared support space near Davis Square transit.
Where is this office unit located?
The property is located at 403 Highland Ave. Unit 204/206 Somerville, MA.
What is the lease rate?
The lease rate is $5,900/Mo.
What are key features of this property?
This property features: 2,364 SF second‑floor office suite; Three private offices and a conference room (#205) across the hall; Open office area with storage closet
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