On average, listings lease in the $20's per square foot per year. The Milford submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 45% increase in rent.
Compared to the rest of the Greater Boston market, the Milford region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been made available, which means leases most likley are 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 2001 and are Class A.