Medford, Massachusetts Commercial Real Estate 0 Listings

Medford, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Medford, Massachusetts, a vibrant city located just north of Boston, offers a compelling landscape for commercial real estate (CRE) investment. With a population of approximately 57,000 and a dynamic economy, Medford is strategically positioned to support a variety of industries. Its proximity to Boston, coupled with a strong local economy, makes it an attractive location for businesses seeking office, industrial, and retail spaces.

Economic and Industry Overview

Medford is home to a diverse array of industries, including education, healthcare, and technology. The presence of major institutions like Tufts University contributes to the city's demand for office and research spaces. The healthcare sector also plays a significant role, with several medical facilities driving the need for specialized office and retail spaces. Regional economic development initiatives, such as the Massachusetts Office of Business Development, support the growth of these industries, further fueling CRE demand.

Strategic Location and Transportation Infrastructure

Medford enjoys excellent transportation connectivity, making it a strategic hub for commercial activities. The city is accessible via major highways such as Interstate 93 and Route 16, providing seamless connections to Boston and other key markets. The Massachusetts Bay Transportation Authority (MBTA) offers extensive public transit options, including bus and rail services, enhancing the city's accessibility. The proximity to Logan International Airport and the Port of Boston adds to Medford's logistical advantages, facilitating efficient distribution and access to labor pools.

Commercial Real Estate Inventory & Zoning

Medford's CRE landscape is characterized by several submarkets, including the Central Business District (CBD) and industrial corridors along Mystic Avenue. The city's zoning regulations accommodate various asset classes, such as industrial, retail, office, and medical spaces. Recent zoning changes have introduced incentives for developers, aiming to spur economic growth and attract new businesses. The City of Medford's Zoning Maps provide detailed insights into zoning regulations and available parcels.

Major Employers and Institutions

Medford hosts several major employers and institutions that drive CRE demand. Tufts University stands out as a significant contributor to the local economy, attracting research initiatives and academic collaborations. Other notable employers include Hallmark Health System and the City of Medford itself. For more information, the Medford Chamber of Commerce offers a comprehensive directory of local businesses and institutions.

Notable Commercial Developments & Projects

Medford is witnessing a wave of commercial developments, including mixed-use projects and innovation parks. The development of the Medford Square revitalization project exemplifies the city's commitment to enhancing its commercial landscape. Additionally, Medford benefits from designated Opportunity Zones, encouraging investment through tax incentives. Interested parties can explore these developments through the Medford Planning Department.

Building Permits, Planning, and Development Tools

For those interested in developing or acquiring properties in Medford, several resources are available:

Market Data & Economic Reports

Medford offers a wealth of public data and economic reports for investors and developers. The U.S. Census Bureau provides demographic and economic insights, while the city's Open Data Portal offers access to various datasets. Brevitas leverages AI-powered aggregation from public data and internal insights to deliver up-to-date market data. Explore Brevitas-powered dashboards for Medford here.

Why Use Brevitas for Medford, Massachusetts CRE?

Brevitas provides an unparalleled platform for discovering commercial real estate opportunities in Medford. Our AI-driven discovery tools, real-time market alerts, and smart property pages facilitate seamless transactions. Brevitas offers: