Most listings are in the $20's per square foot per year. The Olneyville submarket is going through a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Greater Boston market, the Olneyville submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Olneyville are subleases, so you might be able to find a shorter term or below market rent. 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 23,340 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1935 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Olneyville residents. Commuting approximately an hour 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 Olneyville.
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