Needham Retail

Needham

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
5,900
As of: June 25, 2017

Needham Rates

The typical asking rate per listing is in the $40's per square foot per year. The Needham submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $46 per sqft per year.

Compared to the rest of the Greater Boston market, the Needham region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Needham Listing Supply

In the last 90 days, 13 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 62% of the listings in the Needham 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,900 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1974 and are Class A.

Needham Community

Market Report

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

Market Data

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