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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Kenmore submarket is experiencing a a rise in rates. In the last 3 months, the median rate for lease rose $48 per sqft per year.
Compared to the rest of the Greater Boston commercial real estate market, the Kenmore submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot region.
In the last 90 days, 17 commercial real estate listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available commercial real estate leases in the Kenmore are subleases, so you will probably have to consider a longer term 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 size for office space in this area is around 980 sqft. Most properties in this area are around 8 floors. Most buildings in this area were built close to 1928 and are Class A.
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 car is the most popular way to get to work amongst Kenmore folk. Commuting around 10 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 Kenmore.
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