On average, listings lease in the $10's per square foot per year. The Peabody Town Center region is seeing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year.
Compared to the rest of the Greater Boston market, the Peabody Town Center region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Peabody Town Center 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,360 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1937 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Peabody Town Center occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.