Most listings are in the $20's per square foot per year. The Medford submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Greater Boston market, the Medford region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 9,750 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 1990 and are Class A.