Compared to the rest of the Greater Boston market, the Peabody Town Center submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 19 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 16% of the available leases in the Peabody Town Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1937 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Peabody Town Center occupants. Commuting around 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 Peabody Town Center.
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