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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 Waltham submarket is experiencing a decrease in rates. In the last 3 months, the median rate for lease decreased $25 per sqft per year.
Compared to the rest of the Greater Boston commercial real estate market, the Waltham region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 197 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available commercial real estate leases in the Waltham are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,500 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built approximately 1981 and are Class A.
Real time and historical data on commercial real estate listings in Waltham.
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