On average, listings lease in the $20's per square foot per year. The Downtown Lynn submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the Greater Boston market, the Downtown Lynn submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 9 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,840 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this region were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the folk of Downtown Lynn work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Lynn.
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