On average, listings lease in the $10's per square foot per year. The Wooster Square - Mill River submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 26% decrease in rent.
In the last 90 days, 5 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 43,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 1966 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 area. Commute by car is the most popular way to get to work amongst Wooster Square - Mill River residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.