Somerville Office Space

Somerville

Office Space Market Report

Number of Listings (last 90 days)
4
Median Size (sqft)
16,000
As of: December 2, 2016

Somerville Rates

The typical asking rate per listing is in the $0's per square foot per year. The Somerville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 100% decline in rent.

Somerville Listing Supply

In the last 90 days, 4 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 16,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1939 and are Class C.

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