Compared to the rest of the Greater Boston market, the Reservoir submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 10 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 130% of the listings in the Reservoir 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 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 1,500 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Reservoir 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 Reservoir.
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