The typical asking rate per listing is in the $20's per square foot per year. The Salem submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Greater Boston market, the Salem submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 38 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Salem 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,780 sqft. Most buildings in this area are around 6 stories. Most buildings in this region were built in 1977 and are Class C.
Real time and historical data on commercial real estate listings in Salem.
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