On average, listings lease in the $20's per square foot per year. The Beverly submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Greater Boston market, the Beverly region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 132 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available leases in the Beverly are subleases, so you might be able to snag a great spot on a short term. 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 29,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this market were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Beverly.
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