On average, listings lease in the $30's per square foot per year. The North Woburn submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Greater Boston market, the North Woburn submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 16 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 19% of the available leases in the North Woburn 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,290 sqft. Most buildings in this market are close to 7 floors. Most buildings in this area were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst North Woburn residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.