Most listings are in the $20's per square foot per year. The North Woburn submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Greater Boston market, the North Woburn submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the North Woburn are subleases, so you might be able to find a shorter term or below market rent. 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 4,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this market were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst North Woburn occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.