Somerville Office Space

Somerville

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,180
As of: December 10, 2016

Somerville Rates

Most listings are in the $30's per square foot per year. The Somerville submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $34 per sqft per year.

Compared to the rest of the Greater Boston market, the Somerville submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Somerville Listing Supply

In the last 90 days, 5 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,180 sqft. Most properties in this market are approximately 4 stories. Most buildings in this market were built in 1989 and are Class B.

Somerville Community

Market Report

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

Market Data

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

Somerville Submarkets