Worcester Retail

Worcester

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,450
As of: July 21, 2017

Worcester Rates

On average, listings lease in the $10's per square foot per year. The Worcester region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Greater Boston market, the Worcester submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Worcester Listing Supply

In the last 90 days, 12 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the listings in the Worcester 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,450 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1986 and are Class A.

Worcester Community

Market Report

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

Market Data

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