On average, listings lease in the $10's per square foot per year. The Lowell region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Greater Boston market, the Lowell submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 61 listings have been listed, so you'll want to check back regularly for new listings. About 20% of the office spaces in the Lowell are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,150 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 1977 and are Class A.