Search Framingham Office Space Listings
Framingham Office Space
The Crown Building, One Framingham Center, Framingham Office Park, 205 Newbury Street The Route 495-Mass Pike corridor is a strategic location for businesses seeking excellent transportation connections, logistics support and visibility. Framingham, MA is at the heart of this market as evidenced by its robust commercial real estate market.
Defining Framingham Office Space
Businesses that have chosen to set up shop in Framingham are diverse in terms of size, industry and operations. The inventory of Framingham office space is just as diverse to meet the requirements of these businesses.
Class A office spaces in Framingham are top-of-the-line units that are often new or fairly new if not recently renovated to conform to the highest standards of modern design. These spaces are sought after, and the lease rates reflect this demand. These offices are often associated with prestigious addresses in the most visible location. Class A offices are characterized by contemporary design, premium finishes and state-of-the-art security and communications systems. These buildings are usually managed by professionals and may conform with some or all of the green building standards.
High profile, global companies gravitate toward Class A office space to enhance the prestige of their brand, to increase visibility and to inspire confidence among its clients and business peers. The latter is especially important for investment companies, banks and law offices.
Class B office spaces may not match the exclusivity and prestige of Class A offices, but this does not imply that Class B units are substandard. These facilities are often above average in terms of design and features, and may even be former Class A properties. Class B offices offer great value and savings and may appeal to small, medium and startup companies.
Class C office space is functional and affordable. Sometimes, an office building could be labeled Class C because of its location. Class C office spaces may be located in suburban areas or above existing businesses.
Types of Office Leases
The most common type of lease used in commercial real estate is the triple net or NNN. With a triple net type of lease, the tenants are responsible for the costs of maintenance, taxes and insurance over and above the fixed monthly rental. An FLSV or full service lease is a gross lease where costs of operation and taxes are included in the rental rate. A modified gross or mod gross will be halfway between a triple net and a gross lease.
Office Spaces in Framingham
As an important hub in the Metro West, Framingham has some interesting and prestigious office buildings.
The Crown Building on Worcester Road is a four-story structure with blue plate glass façade. The building was completed in 1987, and it includes about 9,000 square feet of premium office space. The building sits close to the apex of Route 9 and Cochituate Road, providing convenient access to Framingham Centre and the Mass Pike.
One Framingham Center is a low-rise office building located on Edgell Road near the Route 9 intersection. It consists of two tri-level structures with some long-term tenants in place. Square footage is close to 36,000 square feet with 168 parking spaces. This is an elevator-equipped building with heating and air conditioning expenses factored into the rental rate. The complex, currently used as a retail and office complex, is close to Framingham State University and has excellent visibility on Route 9.
Framingham Office Park is a five-story brick building facing Route 9 at exit 12 of the Massachusetts Turnpike. Tenants have access to a common conference room, overnight delivery drop-offs and extra storage space. The building has almost 59,000 square feet of space and available space can be subdivided. Parking spaces are attached to each leased unit.
205 Newbury Street is rates as Class A office space. It is located on Newbury Street, which is just a stone's throw from Route 9 and the Mass Pike. This building encompasses about 57,000 square feet of premium office space managed by on-site property professionals.
Framingham Executive Park on Spean Street is a Class A office building with excellent access to the Mass Pike on Exit 13, which is a short distance to the north of the building. It is centrally located near the retail core close to banks, hotels and other office buildings. This is a four-story building with extensive windows to let the natural light in and reduce energy consumption. It has a area of 32 square feet, 704 square feet with elevators and adequate parking for tenants and guests.
Office buildings do not need to be massive to make an impression. At 233 Cochituate Road, classic masonry and glass construction of this low-rise building project traditional appeal. This building is conveniently located near Route 9 and the Mass Pike.
The office building at 425 Fortune Blvd. is only four years old. This modern brick and glass structure built in 1991 has total floor area of 108,000 square feet with 167 parking spaces. It is close to Routes 16 and 85 and Interstate 495. This building has flex zoning.
Regardless of the size of the business and the nature of its operations, Framingham has suitable lease space that would be affordable and functional.