Waltham, Massachusetts: A Premier Destination for Commercial Real Estate

Introduction

Waltham, Massachusetts, is a vibrant city with a rich industrial history, strategically positioned as a hub for modern commercial real estate (CRE) opportunities. With a population of over 60,000 residents, Waltham boasts a diverse economy driven by key sectors such as technology, education, and healthcare. Its proximity to Boston and thriving local industries make it a prime location for commercial real estate investment, offering a range of opportunities across various asset classes.

Economic and Industry Overview

Waltham's economy is robust, supported by major industries such as technology, biotechnology, and education. The city is home to numerous tech startups and established companies that fuel demand for office and industrial spaces. Key industry clusters include:

• Biotechnology: Waltham is part of the greater Boston biotech corridor, attracting companies that require laboratory and office spaces.
• Technology: Firms like Raytheon and PerkinElmer have a significant presence, driving demand for office and flex space.
• Education: Brandeis University and Bentley University are major institutions contributing to the local economy and demand for housing and retail spaces.

For more information on regional economic development initiatives, visit the MetroWest Economic Research Center.

Strategic Location and Transportation Infrastructure

Waltham's strategic location offers excellent logistical advantages with access to major transportation networks, including:

• Highways: Intersected by Interstate 95 and Route 2, providing easy access to Boston and surrounding areas.
• Airports: Proximity to Logan International Airport and Hanscom Field caters to both commercial and private aviation needs.
• Rail: Served by the MBTA commuter rail, connecting Waltham to Boston and other key markets.

Learn more about transportation infrastructure from the Massachusetts Department of Transportation.

Commercial Real Estate Inventory & Zoning

Waltham's commercial real estate market is characterized by several key submarkets:

• Office and Industrial Corridors: Concentrated along Route 128, offering prime locations for tech and biotech firms.
• Innovation Districts: Areas like the Watch City Innovation District foster startups and emerging businesses.
• Retail and Mixed-Use Developments: Vibrant areas supporting retail, dining, and residential components.

Recent zoning changes and incentives aim to attract innovative projects. Explore Waltham's zoning maps for detailed information.

Major Employers and Institutions

Waltham hosts numerous major employers and institutions that drive CRE demand, including:

• Raytheon: A leading defense contractor with significant office space needs.
• Brandeis University and Bentley University: Major educational institutions contributing to local economic activity.
• PerkinElmer: A global leader in diagnostics and life sciences, located in Waltham.

For a comprehensive list of employers, visit the Waltham Business Directory.

Notable Commercial Developments & Projects

Waltham is experiencing growth through several notable developments:

• The Merc at Moody & Main: A mixed-use development in downtown Waltham offering retail, dining, and residential units.
• CityPoint: A premier office and retail destination contributing to the local economy.

For planning details, visit the Waltham Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development in Waltham, the following resources are available:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code (PDF)

Market Data & Economic Reports

Access comprehensive market data and economic reports through public sources such as census.gov and Waltham’s Open Data Portal. Brevitas utilizes AI-powered aggregation from these public data and internal insights. Explore Brevitas-powered dashboards for Waltham commercial real estate opportunities.

Why Use Brevitas for Waltham, Massachusetts CRE?

Brevitas offers unique, AI-driven solutions for commercial real estate professionals in Waltham:

• AI-Driven CRE Discovery: Real-time market alerts and smart property pages.
• Dealroom Collaboration: Facilitating seamless collaboration among brokers and developers.
• Exclusive Listings: Providing premium exposure for properties.

Leverage Brevitas for auto-generated listing pages, email and landing page tools, and integration with top CRE professionals. Visit Brevitas to explore exclusive listings and opportunities in Waltham, Massachusetts.