An increased amount of parking spaces throughout Newton will exist in the next handful of years strengthening the parking ratios for office space in this market. Typical parking ratios offered in the dynamic Newton market boast three spaces per 1,000 sf lease. With the addition of the Austin Street development, more businesses will be able to accommodate its employees and their cars. Maybe this will persuade commercial landlords in Needham to bolster the parking ratios they offer for their properties?

From Newton.WickedLocal:

“The proposed Austin Street developer will hold an info session at 8 p.m. on Tuesday, June 24 at Newton North High School Cafeteria, not City Hall as previously planned. Residents will be able to meet and share ideas with Austin Street Partners, the recently selected development team.”