Peabody Industrial

Peabody

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,900
As of: February 21, 2017

Peabody Rates

Most listings are in the $10's per square foot per year. The Peabody submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decrease in rent.

Compared to the rest of the Greater Boston market, the Peabody submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Peabody Listing Supply

In the last 90 days, 11 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Peabody are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1985 and are Class B.

Peabody Community

Market Report

Trends and status of the commercial real estate market in Peabody.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Peabody.
Research

Peabody Submarkets