On average, listings lease in the $40's per square foot per year. The Essex Village region is going through a an increase in rates. In the last 3 months, the median rate rose $50 per sqft per year.
In the last 90 days, 15 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Essex Village are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 470 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1920.
Real time and historical data on commercial real estate listings in Essex Village.
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