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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Newton submarket is seeing a a boost in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Greater Boston commercial real estate market, the Newton region has greater rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 221 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,300 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built approximately 1973 and are Class A.
Real time and historical data on commercial real estate listings in Newton.
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