Wakefield Office Space

Wakefield

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,830
As of: June 23, 2017

Wakefield Rates

Most listings are in the $20's per square foot per year. The Wakefield submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.

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

Wakefield Listing Supply

In the last 90 days, 5 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 60% of the available leases in the Wakefield 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 1,830 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1983 and are Class A.

Wakefield Community

Market Report

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

Market Data

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

Wakefield Submarkets