On average, listings lease in the $20's per square foot per year. The Wakefield region is experiencing a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Greater Boston market, the Wakefield region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 31 listings have been posted online, which means spaces most likley are 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,830 sqft. Most buildings in this market are close to 4 floors. Most buildings in this market were built in 1983 and are Class A.
Real time and historical data on commercial real estate listings in Wakefield.
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