On average, listings lease in the $20's per square foot per year. The New Bedford submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Greater Boston market, the New Bedford region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 72 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the office spaces in the New Bedford 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.
The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1918 and are Class A.
Real time and historical data on commercial real estate listings in New Bedford.
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