Highlights
- The market’s vacancy rate stands at 14.13%, lower than the state average of Massachusetts, which is 16.54%.
- 331,879 square feet is currently under construction.
2025 Office Space Rent & Sales
- $61.63 2025 Avg. Asking Rent
- 14.13% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Waltham?
Average asking rents for office space here stand at $61.63 per square foot. The local office market recorded an average vacancy rate of 14.13% in 2025, unchanged from 14.13% in 2024.
Waltham, MA Office Asking Rents by Class
What is the average office rent per square foot by property class in MA?
- Avg. Asking Rent Class A & A+$75.27
- Avg. Asking Rent Class B$30.39
- Avg. Asking Rent Class C$23.37
For comparison, the average rent for Class A and A+ office space in Massachusetts was $75.27 per square foot. The state-wide average for Class B space was $30.39 per square foot, and Class C office spaces averaged $23.37 per square foot.
Office Construction in Waltham, MA
- Waltham, MA Total SF under construction in 2026 331,879
What are the largest recent office completions in Waltham?
The largest recent office completion here is 225 Wyman Street at 507,000 square feet, completed in 2022. The next largest completions are Reservoir Woods and Reservoir Woods.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 245 5th | 245 Fifth Avenue, 02451 | 262,000 | 2024 |
| 225 Wyman Street | 225 Wyman Street, 02451 | 507,000 | 2022 |
| North Wing | 225 Wyman St, 02451 | 227,491 | 2022 |
| 746 South St | 746 South St, 02453 | 5,487 | 2019 |
| 10 CityPoint | 10 CityPoint, 02451 | 230,000 | 2016 |
| 77 CityPoint | 77 4th Avenue, 02451 | 209,707 | 2008 |
| 850 Winter Street | 850 Winter Street, 02451 | 180,039 | 2008 |
| Overlook Center - 21 Hickory Drive | 21 Hickory Drive, 02451 | 108,500 | 2008 |
| Reservoir Woods | 930 Winter Street, 02451 | 450,000 | 2007 |
| Reservoir Woods | 930 Winter Street, 02451 | 450,000 | 2007 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.