On average, listings lease in the $20's per square foot per year. The Beverly region is seeing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Greater Boston market, the Beverly submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 23 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the office spaces in the Beverly are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 4 stories. Most buildings in this area were built in 1985 and are Class A.