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Multi-Suite Office Property
New
For Lease
$25 SF/Yr

10 Institute Road, Worcester, MA 01609

Gross lease terms and adaptable layouts support a range of professional office configurations.

Space Size850 SF - 4,000 SF
Days on Market6

Property Features for 10 Institute Road

General Information

Standard status Active
Size 850 SF - 4,000 SF
Net Rentable 850 SF
Zoning BG-6, Legal Conforming
Lease Type Gross

Space & Availability

Available Space 850-4,000 SF
Contiguous Space 4,000 SF
Divisible Yes
Space Use Office
Available From Immediate

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $22,387

Building Details

Building Size 4,000 SF
Year Built 1900
Listing Agency: Bostonia Properties
Listed By: Kate Duggan · License #144768
Source: Bostoniaproperties
Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 2:18PM

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 Bostonia Properties

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Investment Insights

Based on property information with market context.

Office suites are available in sizes from approximately 850 SF to 4,000 SF of contiguous space. The property dates to 1900 and offers adaptable layouts, gross lease terms, and off-street parking. Zoning is BG-6, Legal Conforming.

At 10 Institute Road in Worcester, the property is minutes from I-290, Route 9, and downtown. Worcester Polytechnic Institute and the city’s educational and medical institutions are nearby. The range of suite sizes accommodates different office space requirements.

Key Highlights

  • Suites range from approximately 850 SF to 4,000 SF of contiguous space
  • BG‑6, Legal Conforming zoning
  • Gross lease terms

Property Analytics

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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

Yes
Highway access
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Worcester, MA

$21.43 /SF/Yr
Avg Asking Price
$9–$40 /SF/Yr
Price Range
5,764 SF
Avg Space Size

This space is priced 17% above the average of $21.43 /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

Frequently Asked Questions

What type of property is this?
Office unit - Gross lease terms and adaptable layouts support a range of professional office configurations.
Where is this office unit 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: Suites range from approximately 850 SF to 4,000 SF of contiguous space; BG‑6, Legal Conforming zoning; Gross lease terms
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