Most listings are in the $20's per square foot per year. The Mystic submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 26 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 19% of the listings in the Mystic are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,410 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1920 and are Class A.
Real time and historical data on commercial real estate listings in Mystic.
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