Lynn Office Space

Lynn

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
4,840
As of: June 23, 2017

Lynn Rates

On average, listings lease in the $20's per square foot per year. The Lynn submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $21 per sqft per year.

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

Lynn Listing Supply

In the last 90 days, 8 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Lynn 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,840 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this region were built in 1968 and are Class B.

Lynn Community

Market Report

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

Market Data

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