Peabody Town Center Sublease

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Peabody Town Center

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
5,060
As of: January 23, 2017

Peabody Town Center Rates

On average, listings lease in the $10's per square foot per year. The Peabody Town Center region is experiencing a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year.

Compared to the rest of the Greater Boston market, the Peabody Town Center region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Peabody Town Center Listing Supply

In the last 90 days, 4 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,060 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1937 and are Class B.

Peabody Town Center Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Peabody Town Center folk. Commuting approximately 10 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 Peabody Town Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Peabody Town Center.
Research

Peabody Submarkets