Needham Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Needham Rates

Most listings are in the $30's per square foot per year. The Needham submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $33 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Greater Boston market, the Needham submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Needham Listing Supply

In the last 90 days, 9 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 11% of the office spaces in the Needham 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 6,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1974 and are Class A.

Needham Community

Market Report

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

Market Data

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