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The typical asking rate per commerial real estate listing leases is in the $10's per square foot per year. The Willimantic submarket is seeing a a boost in rates. In the last 3 months, the median rate for lease rose $16 per sqft per year.
Compared to the rest of the Greater Boston commercial real estate market, the Willimantic submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 27 commercial real estate listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 26% of the commercial real estate listings in the Willimantic are subleases, so you might be able to snag a great spot on a short term. 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 850 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built close to 1925 and are Class C.
Real time and historical data on commercial real estate listings in Willimantic.
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