Lowell Office Space

Lowell

Office Space Market Report

Number of Listings (last 90 days)
61
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
8,150
As of: July 19, 2017

Lowell Rates

The typical asking rate per listing is in the $10's per square foot per year. The Lowell submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decrease in rent.

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

Lowell Listing Supply

In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 23% of the office spaces in the Lowell 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 8,150 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 1977 and are Class A.

Lowell Community

Market Report

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

Market Data

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