On average, listings lease in the $10's per square foot per year. The Belmont submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year.
Compared to the rest of the Greater Boston market, the Belmont submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this region were built in 1928.
Real time and historical data on commercial real estate listings in Belmont.
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