On average, listings lease in the $20's per square foot per year. The Lynn submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.
Compared to the rest of the Greater Boston market, the Lynn region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Lynn are subleases, so you will probably have to consider a longer term lease. 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 4,840 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1968 and are Class B.
Real time and historical data on commercial real estate listings in Lynn.
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