On average, listings lease in the $40's per square foot per year. The Needham region is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Greater Boston market, the Needham region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 62% of the available leases in the Needham 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,900 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1974 and are Class A.