2024 Office Space Rent & Sales
- $22.79 2024 Avg. Asking Rent
- 13.10% 2024 Office Vacancy Rate
Worcester office price per square foot in 2024 was $22.79 on average. The local office market recorded an average vacancy rate of 13.10% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Massachusetts Class A & A+ Office Space$77.31
- Massachusetts Class B Office Space$34.68
- Massachusetts Class C Office Space$43.40
Worcester, MA Office Asking Rents by Class
Office Spaces for Rent in Massachusetts
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Coworking Spaces in Massachusetts
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2024 Office Construction in Worcester, MA
| Office building | Address | SF | Completed |
|---|---|---|---|
| One Mercantile | 1 Mercantile Street, 01608 | 214,000 | 2012 |
| 10 Mechanic Street | 10 Mechanic Street, 01608 | 55,545 | 2000 |
| 10 Chestnut Street | 10 Chestnut Street, 01608 | 189,076 | 1990 |
| Bravo Auto & Sales | 1369 Main St, 01603 | 1,980 | 1985 |
| 385 Grove Street | 385 Grove Street, 01605 | 25,785 | 1978 |
| The Guaranty Building | 370 Main Street, 01608 | 194,700 | 1971 |
| 120 THOMAS STREET | 120 Thomas St, 01608 | 32,000 | 1970 |
| 116 Belmont Street | 116 Belmont Street, 01605 | 20,530 | 1970 |
| 248 Mill St | 248 Mill St, 01602 | 16,979 | 1960 |
| 306 Belmont | 306 Belmont Street, 01604 | 78,916 | 1940 |
Worth noting among recent office completions on the Worcester market is One Mercantile, which is currently the largest new office development in the city, at 214,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Worcester commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.