The typical asking rate per listing is in the $80's per square foot per year. The Wellington - Harrington submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $86 per sqft per year.
Compared to the rest of the Greater Boston market, the Wellington - Harrington region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Wellington - Harrington 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.
Even though the median size is 5,230 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 7 floors. Most buildings in this area were built in 1930 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Wellington - Harrington occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.