On average, listings lease in the $30's per square foot per year. The Lowell submarket is going through a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Greater Boston market, the Lowell region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this region were built in 1977 and are Class B.