North Woburn Office Space

North Woburn

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
4,950
As of: July 19, 2017

North Woburn Rates

On average, listings lease in the $20's per square foot per year. The North Woburn region is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 23% decrease in rent.

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

North Woburn Listing Supply

In the last 90 days, 16 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 31% of the listings in the North Woburn 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 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 2,420 sqft. Most properties in this area are close to 7 floors. Most buildings in this market 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 area. Commute by public transit is the most popular way to get to work amongst North Woburn folk. 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