The typical asking rate per listing is in the $10's per square foot per year. The Peabody Town Center 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 Greater Boston market, the Peabody Town Center region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 19 listings have come on the market, which means office spaces most likley are leasing quickly. 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.
Even though the median size is 3,360 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 3 stories. 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 area. Commute by taxi is the most popular way to get to work amongst Peabody Town Center residents. 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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