On average, listings lease in the $0's per square foot per year. The Peabody region is going through a decline in rates. In the last 3 months, the median rate fell $25 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 25 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the office spaces in the Peabody 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 88,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1985 and are Class B.