The typical asking rate per listing is in the $30's per square foot per year. The Proctor submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Greater Boston market, the Proctor submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Proctor folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Proctor.
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