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On average, commerial real estate listings lease in the $30's per square foot per year. The West Roxbury submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease went up $8 per sqft per year. That's a 35% rise in rent.
Compared to the rest of the Greater Boston commercial real estate market, the West Roxbury region has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 26 commercial real estate listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 4,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built around 1981 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of West Roxbury work from home. 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 West Roxbury.
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