On average, listings lease in the $80's per square foot per year. The Wellington - Harrington region is going through a a rise in rates. In the last 3 months, the median rate increased $86 per sqft per year.
Compared to the rest of the Greater Boston market, the Wellington - Harrington region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Wellington - Harrington are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,230 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 7 floors. Most buildings in this area were built in 1930 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Wellington - Harrington folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Wellington - Harrington.
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