On average, listings lease in the $20's per square foot per year. The Morris Hill submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 27% rise in rent.
In the last 90 days, 3 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Morris Hill are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Morris Hill folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.