The typical asking rate per listing is in the $20's per square foot per year. The Lowell region is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 30% 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 undervalued submarket.
In the last 90 days, 61 listings have come on the market, so you'll want to check back regularly for new listings. 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 1,200 sqft. Most properties in this region are approximately 4 stories. Most buildings in this region were built in 1977 and are Class B.