The typical asking rate per listing is in the $10's per square foot per year. The Lowell submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Greater Boston market, the Lowell submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 124 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Lowell are subleases, so you will probably have to focus your search on direct office leases. 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 8,150 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1977 and are Class A.
Real time and historical data on commercial real estate listings in Lowell.
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