Andover Town, MA Commercial Real Estate for Lease - 19 Listings

New England Business Center

10 New England Business Center Drive, Andover, MA
Property

Office

244,058 SF
Availability

5 Spaces

75,799 SF
Year Built

1989
For Lease Contact for pricing
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Brickstone Square
Regus
300 Brickstone Square Suite 201, Andover, MA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Brickstone Square

200 Brickstone Square, Andover, MA
Property

Office

379,384 SF
Availability

6 Spaces

54,522 SF
Year Built

1919
For Lease Contact for pricing
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New England Business Center

35 New England Business Center, Andover, MA
Property

Office

85,630 SF
Availability

1 Space

5,497 SF
Year Built

1998
For Lease Contact for pricing
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15 Railroad St

15 Railroad St, Andover, MA
Property

Unassigned

4,200 SF
Availability

2 Spaces

2,857 SF
Year Built

1850
For Lease

$25.00/SF/YR
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Andover Research Park - 6 Riverside Drive

6 Riverside Drive, Andover, MA
Property

Office

77,048 SF
Availability

2 Spaces

57,562 SF
Year Built

1989
For Lease Contact for pricing
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Minuteman Park - 200 Minuteman Road

200 Minuteman Road, Andover, MA
Property

Office

213,881 SF
Availability

1 Space

25,896 SF
Year Built

1998
For Lease Contact for pricing
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Andover Corporate Center

1 Corporate Drive, Andover, MA
Property

Office

67,400 SF
Availability

2 Spaces

47,426 SF
Year Built

1988
For Lease Contact for pricing
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77 Main St

77 Main St, Andover, MA
Property

Office

20,000 SF
Availability

3 Spaces

1,755 SF
For Lease

$375.00 - $2,000.00/MO
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16 Haverhill Street

16 Haverhill Street, Andover, MA
Property

Office

38,192 SF
Availability

1 Space

5,200 SF
Year Built

1985
For Lease

$20.00/SF/YR
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Shawsheen Plaza

209 North Main Street, Andover, MA
Property

Retail

6,545 SF
Availability

1 Space

2,500 SF
For Lease Contact for pricing
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Brickstone Square

300 Brickstone Square, Andover, MA
Property

Office

281,545 SF
Availability

6 Spaces

96,926 SF
Year Built

1921
For Lease

$23.50 - $24.50/SF/YR
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For Lease | 2,100 SF of Modern Downtown Andover Commercial Space

2 Punchard Avenue, Andover, MA
Property

Retail

2,100 SF
Availability

1 Space

2,100 SF
Year Built

1900
For Lease Contact for pricing
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New England Business Center

10 New England Business Center, Andover, MA
Property

Office

88,024 SF
Availability

1 Space

2,571 SF
Year Built

1989
For Lease Contact for pricing
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211 N Main St

211 N Main St, Andover, MA
Property

Retail

8,790 SF
Availability

1 Space

4,000 SF
Year Built

1968
For Lease

$35.00/SF/YR
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15 Railroad St

15 Railroad St, Andover, MA
Property

Office

4,200 SF
Availability

1 Space

1,669 SF
Year Built

1890
For Lease

$1,995.00/MO
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146 Dascomb Road

146 Dascomb Road, Andover, MA
Property

Industrial

181,074 SF
Availability

1 Space

181,074 SF
Year Built

1984
For Lease Contact for pricing
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Andover Corporate Center

4 Corporate Dr, Andover, MA
Property

Unassigned

201,502 SF
Availability

1 Space

5,789 SF
Year Built

1990
For Lease Contact for pricing
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146 Dascomb Road

146 Dascomb Road, Andover, MA
Property

Industrial

181,300 SF
Availability

2 Spaces

181,280 SF
Year Built

2023
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Andover commercial real estate market incorporates 1,499,362 square feet of office space across 12 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Andover commercial real estate market includes 17,435 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Andover market, there is a total of 362,374 square feet of industrial property.

The listing inventory in Andover incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Andover is represented by Office space, which accounts for 374,823 square feet of available listings. Industrial space available in Andover adds up to 362,354 square feet.

Meanwhile, most of the listings of commercial property for sale in Andover are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Andover is $23.18 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Andover can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Andover, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Andover was Office space.

Conversely, the highest sale price last year was $34,220,000 that is located at 50 Minuteman Road.

The average size of a commercial property in Andover depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Andover, the average size of an office property is 136,306 square feet.
Retail properties here incorporate an average of 5,812 square feet.
Industrial space in Andover is in buildings that are, on average 181,187 square feet in size.

Andover Town, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Andover currently add up to 717,386 square feet. The market offers 13 active office listing(s), which amount to 526,749 square feet and account for 76% of commercial spaces on the market. Local retail availability includes 6,500 square feet across 3 retail space(s). Industrial space for rent opportunities in Andover amount to 181,280 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	13	526,749
Retail	3	6,500
Industrial	1	181,280
Other	0	2,857

Andover Town, MA Commercial Real Estate for Lease - 19 Listings

New England Business Center

Brickstone Square

Brickstone Square

New England Business Center

15 Railroad St

Andover Research Park - 6 Riverside Drive

Minuteman Park - 200 Minuteman Road

Andover Corporate Center

77 Main St

16 Haverhill Street

Shawsheen Plaza

Brickstone Square

For Lease | 2,100 SF of Modern Downtown Andover Commercial Space

New England Business Center

211 N Main St

15 Railroad St

146 Dascomb Road

Andover Corporate Center

146 Dascomb Road

Frequently Asked Questions

Andover Town, MA Currently Available Listings

Commercial Space for Lease Breakdown

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Andover Town, MA Commercial Real Estate for Lease - 19 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Andover, MA?

What factors affect the price of commercial real estate in Andover, MA?

What is the average rent for commercial space in Andover, MA?

What are the best areas for commercial real estate in Andover, MA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Andover, MA?

Andover Town, MA Currently Available Listings

Commercial Space for Lease Breakdown

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About us