Lease rates for this deal were not available, but the average asking rent for office space in the city is approximately $19 per sf. According to Trammell Crow Co.'s most recent statistics, Woburn's office market has an overall availability rate of 23%, a figure that is only slightly lower than the city's rate in January when it was up to 24%. The city experienced a positive absorption rate for its office space of 55,000 sf as of this past April.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
