On average, listings lease in the $30's per square foot per year. The Watertown Town region is experiencing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Greater Boston market, the Watertown Town submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 30 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the office spaces in the Watertown Town are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 25,550 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 1931 and are Class A.