North Woburn Retail

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North Woburn

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
4,950
As of: August 16, 2017

North Woburn Rates

Most listings are in the $20's per square foot per year. The North Woburn submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 23% decrease in rent.

Compared to the rest of the Greater Boston market, the North Woburn submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

North Woburn Listing Supply

In the last 90 days, 16 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the North Woburn are subleases, so you might be able to find a shorter term or below market rent. 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 4,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this market were built in 1999 and are Class B.

North Woburn Community

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 market. Commute by public transit is the most popular way to get to work amongst North Woburn occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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