North Woburn Office Space

North Woburn

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,290
As of: June 23, 2017

North Woburn Rates

On average, listings lease in the $30's per square foot per year. The North Woburn region is experiencing a a rise in rates. In the last 3 months, the median rate rose $38 per sqft per year.

Compared to the rest of the Greater Boston market, the North Woburn region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

North Woburn Listing Supply

In the last 90 days, 16 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available space in the North Woburn 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 2,290 sqft. Most buildings in this market are approximately 7 stories. Most buildings in this region were built in 1999 and are Class B.

North Woburn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Woburn residents. Commuting under 5 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 North Woburn.
Market Report

Market Data

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