The typical asking rate per listing is in the $30's per square foot per year. The Wakefield submarket is going through a an increase in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Greater Boston market, the Wakefield submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means new listings might be going fast. 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 16,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 4 stories. Most buildings in this area were built in 1983 and are Class A.