On average, listings lease in the $20's per square foot per year. The Chelsea submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.
Compared to the rest of the Greater Boston market, the Chelsea region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 19 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1992 and are Class B.
Real time and historical data on commercial real estate listings in Chelsea.
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