Most listings are in the $20's per square foot per year. The Downtown Lynn region is experiencing a decline in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 53% decrease in rent.
Compared to the rest of the Greater Boston market, the Downtown Lynn region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means listings are probably 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 4,840 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this area were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the folk of Downtown Lynn work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.