The typical asking rate per listing is in the $20's per square foot per year. The Beverly region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Greater Boston market, the Beverly region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the Beverly are subleases, so you might be able to find a shorter term or below market rent. 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 900 sqft. Most buildings in this area are around 14 stories. Most buildings in this region were built in 1929 and are Class A.