69 Hickory Dr — Lease in Waltham, MA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Waltham, MA 02451

Description

The Bear Hill Office Tower (formerly the Control Data Building) is a six-story high profile office building situated on a summit above Route 128. The building has a red brick exterior with concrete accents. Floors are poured in place concrete, free span from the building core to the exterior walls. Perimeter heating/cooling fan coil units and separate central air conditioning, heating/cooling energy management system, life safety systems and electricity: 2800 amp, 208 volts, 3 phase (entire building).

Market Context

This office in Waltham, MA is listed for lease. It has been on the market for 53 days. Compare it against other office listings for lease in Waltham, MA — view the full market.

As of Q1 2026, the Boston office market showed cap rates around 9.7%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Boston?
About 9.7% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$1.16/SF/mo – $1.56/SF/mo

Mid: $1.36/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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