Worcester Office Space

Worcester

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,450
As of: July 25, 2017

Worcester Rates

The typical asking rate per listing is in the $10's per square foot per year. The Worcester region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Greater Boston market, the Worcester region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Worcester Listing Supply

In the last 90 days, 12 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Worcester 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.

Even though the median size is 5,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1986 and are Class A.

Worcester Community

Market Report

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

Market Data

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