Highlights
- The average rent for office space in Worcester is $23.24 per square foot, 1.98% higher compared to the previous year.
- The market’s vacancy rate stands at 8.90%, lower than the state average of Massachusetts, which is 16.54%.
2025 Office Space Rent & Sales
- $23.24 2025 Avg. Asking Rent
- 1.98% Y-o-Y Avg. Asking Rent Change
- 8.90% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Worcester?
Average asking rents for office space here stand at $23.24 per square foot. The local office market recorded an average vacancy rate of 8.90% in 2025, unchanged from 8.90% in 2024.
Worcester, 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 Worcester, MA
What are the largest recent office completions in Worcester?
The largest recent office completion here is One Mercantile at 214,000 square feet, completed in 2012. The next largest completions are Guaranty Building and The Guaranty Building.
| Office building | Address | SF | Completed |
|---|---|---|---|
| One Mercantile | 1 Mercantile Street, 01608 | 214,000 | 2012 |
| 255 Park Avenue | 255 Park Avenue, 01609 | 113,300 | 1985 |
| 100 North Parkway | 100 North Parkway, 01605 | 98,600 | 1984 |
| aka 389 Main Street | 10 Mechanic Street, 01608 | 57,186 | 1984 |
| 562 Lincoln St | 562 Lincoln St, 01605 | 3,944 | 1980 |
| 385 Grove St | 385 Grove St, 01605 | 26,042 | 1978 |
| Guaranty Building | 370 Main Street, 01608 | 194,700 | 1971 |
| The Guaranty Building | 370 Main Street, 01608 | 194,700 | 1971 |
| 116 Belmont Street | 116 Belmont Street, 01605 | 20,530 | 1970 |
| 130 Lincoln Street | 130 Lincoln Street, 01605 | 7,644 | 1965 |
See reports for other markets
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- Providence Office Rent Price
- Waltham Office Rent Price
- Springfield Office Rent Price
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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.