Somerville Retail

Somerville

Office Space Market Report

Number of Listings (last 90 days)
34
As of: April 23, 2017

Somerville Rates

On average, listings lease in the $0's per square foot per year. The Somerville region is seeing a decline in rates. In the last 3 months, the median rate fell $34 per sqft per year. That's a 100% decrease in rent.

Somerville Listing Supply

In the last 90 days, 34 listings have been posted online, which means listings most likley are going fast. 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.

The standard measurement for office space in this area is around  sqft. Most properties in this market are approximately 4 floors. Most buildings in this area were built in 1989 and are Class B.

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