Most listings are in the $10's per square foot per year. The Gloucester submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year.
Compared to the rest of the Greater Boston market, the Gloucester region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 12 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Gloucester are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 2008.
Real time and historical data on commercial real estate listings in Gloucester.
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