The typical asking rate per listing is in the $10's per square foot per year. The Lowell submarket is going through a a rise in rates. In the last 3 months, the median rate increased $15 per sqft per year.
Compared to the rest of the Chicagoland market, the Lowell region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region were built in 1936.
Real time and historical data on commercial real estate listings in Lowell.
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