The typical asking rate per listing is in the $40's per square foot per year. The Wellington region is seeing a a boost in rates. In the last 3 months, the median rate went up $45 per sqft per year.
Compared to the rest of the Greater Boston market, the Wellington submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 500% of the listings in the Wellington 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 44,070 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this region were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Wellington residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.