On average, listings lease in the $20's per square foot per year. The Peabody submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Greater Boston market, the Peabody submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 25 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1985 and are Class B.