The typical asking rate per listing is in the $10's per square foot per year. The Lowell region is going through a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year.
Compared to the rest of the Chicagoland market, the Lowell region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,100 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 1936.
Real time and historical data on commercial real estate listings in Lowell.
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