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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Wayland 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 41% increase in rent.
Compared to the rest of the Greater Boston commercial real estate market, the Wayland region has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 19 commercial real estate listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,100 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built around 1930 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Wayland occupants. Commuting more than an hour and a half 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 Wayland.
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