On average, listings lease in the $40's per square foot per year. The Groton submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $42 per sqft per year.
In the last 90 days, 32 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Groton are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 150 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1983.
Real time and historical data on commercial real estate listings in Groton.
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