On average, listings lease in the $40's per square foot per year. The Groton submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $42 per sqft per year.
In the last 90 days, 32 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Groton are subleases, so you will probably have to focus your search on direct office leases. 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 150 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1983.
Real time and historical data on commercial real estate listings in Groton.
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