Most listings are in the $10's per square foot per year. The Milford submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 34 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Milford 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 2005 and are Class C.
Real time and historical data on commercial real estate listings in Milford.
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