Worcester Industrial

Worcester

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,450
As of: June 23, 2017

Worcester Rates

On average, listings lease in the $10's per square foot per year. The Worcester region is experiencing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.

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

Worcester Listing Supply

In the last 90 days, 12 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Worcester 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 5,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built in 1986 and are Class A.

Worcester Community

Market Report

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

Market Data

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