Downtown Lynn Office Space

Downtown Lynn

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
4,840
As of: May 22, 2017

Downtown Lynn Rates

Most listings are in the $40's per square foot per year. The Downtown Lynn region is going through a an increase in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 37% rise in rent.

Compared to the rest of the Greater Boston market, the Downtown Lynn region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Lynn Listing Supply

In the last 90 days, 4 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 5 floors. Most buildings in this market were built in 1914 and are Class B.

Downtown Lynn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Most of the folk of Downtown Lynn work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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