Compared to the rest of the Greater Boston market, the Downtown Lynn submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,840 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this region were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the residents of Downtown Lynn work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.