Peabody Office Space

Peabody

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,900
As of: February 27, 2017

Peabody Rates

The typical asking rate per listing is in the $10's per square foot per year. The Peabody submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decline in rent.

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

Peabody Listing Supply

In the last 90 days, 11 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Peabody 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 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 1,900 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1985 and are Class B.

Peabody Community

Market Report

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

Market Data

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

Peabody Submarkets