The typical asking rate per listing is in the $20's per square foot per year. The Danvers submarket is going through a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 60% decline in rent.
Compared to the rest of the Greater Boston market, the Danvers region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 96 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the listings in the Danvers are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1987 and are Class B.
Real time and historical data on commercial real estate listings in Danvers.
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