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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Newton region is seeing a a boost in rates. In the last 3 months, the median rate for lease rose $7 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Greater Boston commercial real estate market, the Newton region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 221 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 500 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built approximately 1973 and are Class A.
Real time and historical data on commercial real estate listings in Newton.
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