On average, listings lease in the $10's per square foot per year. The Pawcatuck region is experiencing a a rise in rates. In the last 3 months, the median rate rose $19 per sqft per year.
In the last 90 days, 20 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Pawcatuck 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 510 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1965 and are Class A.
Real time and historical data on commercial real estate listings in Pawcatuck.
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