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Flexible Professional Office Suites
For Lease
$25 SF/Yr

10 Institute Road, Worcester, MA 01609

Flexible office suites with gross lease terms and ample off-street parking, with options for contiguous space.

Days on Market8

Property Features for 10 Institute Road

General Information

Standard status Active
Lease Type Gross

Building Details

Building Size 4,000 SF
Year Built 1900
Listing Agency: RE/MAX Partners
Listed By: James Kalogeropoulos · License #9072828
Source: Aucoinryanrealty
Added: Jul 24 Changed: Jul 25 Last Checked: Jul 30 at 12:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Partners

Investment Insights

Based on property information with market context.

Flexible professional office leasing with individual suites sized at approximately 850 SF, along with opportunities for up to 4,000 SF of contiguous space. The layout is designed to adapt to a range of office configurations, with gross lease terms intended to support predictable occupancy costs. Ample off-street parking is also available.

Located at 10 Institute Road in Worcester, the property is described as being just minutes from I-290, Route 9, and downtown Worcester. It also sits near WPI and the city’s educational and medical institutions, supporting convenient access for employees and clients.

Suite sizes and contiguous options make the space workable for a variety of professional office uses, including attorneys, accountants, therapists, consultants, architects, engineers, medical users, nonprofit organizations, and other professional office tenants.

Key Highlights

  • Flexible office leasing with individual suites from approximately 850 SF up to 4,000 SF of contiguous space
  • Gross lease terms for predictable occupancy costs
  • Ample off‑street parking for employees and clients

Property Analytics

Current Use

Sullivan Garrity & Donnelly ... Insurance Agency Robert P. Powers ... Insurance Agency Marshall & Diggins Insurance Insurance Agency Insurance Agency Insurance Agency

Suggested Use

Top Pick Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store Catering Service Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

4,949
Businesses Nearby

Demographics for 01609, MA

23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value

Market

Lease Benchmarks for Worcester, MA

$22.8 /SF/Yr
Avg Asking Price
$1.13–$41.9 /SF/Yr
Price Range
3,623 SF
Avg Space Size

This space is priced 10% above the average of $22.8 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office suites with gross lease terms and ample off-street parking, with options for contiguous space.
Where is this office units located?
The property is located at 10 Institute Road Worcester, MA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Flexible office leasing with individual suites from approximately 850 SF up to 4,000 SF of contiguous space; Gross lease terms for predictable occupancy costs; Ample off‑street parking for employees and clients
More about this property
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