Proctor Office Space

Proctor

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
3,700
As of: March 29, 2017

Proctor Rates

Most listings are in the $20's per square foot per year. The Proctor region is seeing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 29% rise in rent.

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

Proctor Listing Supply

In the last 90 days, 8 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the Proctor are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, 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 region were built in 1986 and are Class B.

Proctor Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Proctor folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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