Lynn Sublease

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Lynn

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
4,840
As of: July 19, 2017

Lynn Rates

On average, listings lease in the $20's per square foot per year. The Lynn submarket is seeing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 33% decline in rent.

Compared to the rest of the Greater Boston market, the Lynn submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Lynn Listing Supply

In the last 90 days, 8 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Lynn 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 4,840 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this region were built in 1968 and are Class B.

Lynn Community

Market Report

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

Market Data

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