Chelsea Sublease

Chelsea

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,570
As of: May 25, 2017

Chelsea Rates

On average, listings lease in the $20's per square foot per year. The Chelsea region is going through a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.

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

Chelsea Listing Supply

In the last 90 days, 8 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Chelsea are subleases, so you might be able to snag a great spot on a short term. 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 2,570 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 2001 and are Class B.

Chelsea Community

Market Report

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

Market Data

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

Chelsea Submarkets