The typical asking rate per listing is in the $20's per square foot per year. The Lynn submarket is going through a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Greater Boston market, the Lynn region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 15 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Lynn are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 3 floors. 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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