Proctor Sublease

Proctor

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,900
As of: March 12, 2017

Proctor Rates

The typical asking rate per listing is in the $20's per square foot per year. The Proctor region is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 29% increase in rent.

Compared to the rest of the Greater Boston market, the Proctor submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Proctor Listing Supply

In the last 90 days, 8 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Proctor 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.

The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this market were built in 1986 and are Class B.

Proctor Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Proctor occupants. Commuting around 20 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 Proctor.
Market Report

Market Data

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