Beverly Office Space

Beverly

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,310
As of: May 19, 2017

Beverly Rates

On average, listings lease in the $20's per square foot per year. The Beverly region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 15% decline in rent.

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

Beverly Listing Supply

In the last 90 days, 34 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,310 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this region were built in 1985 and are Class A.

Beverly Community

Market Report

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

Market Data

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