On average, listings lease in the $20's per square foot per year. The Waltham submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the Greater Boston market, the Waltham region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 32 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 66% of the office spaces in the Waltham 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,920 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 4 floors. Most buildings in this market were built in 1980 and are Class A.