Peabody Town Center Sublease

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Peabody Town Center

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
3,360
As of: June 22, 2017

Peabody Town Center Rates

On average, listings lease in the $10's per square foot per year. The Peabody Town Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $15 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 depreciated region.

Peabody Town Center Listing Supply

In the last 90 days, 7 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 43% of the office spaces in the Peabody Town Center 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,360 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area 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 market. Commute by taxi is the most popular way to get to work amongst Peabody Town Center residents. Commuting around 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