Medford Office Space

Medford

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
44,070
As of: July 23, 2017

Medford Rates

On average, listings lease in the $40's per square foot per year. The Medford region is going through a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year. That's a 70% rise in rent.

Compared to the rest of the Greater Boston market, the Medford region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Medford Listing Supply

In the last 90 days, 14 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 43% of the office spaces in the Medford 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 available, so finding a space for a small business might be tough.

Even though the median size is 44,070 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this region were built in 1990 and are Class A.

Medford Community

Market Report

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

Market Data

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