On average, listings lease in the $20's per square foot per year. The Colchester Town region is experiencing a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year.
In the last 90 days, 15 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 60% of the available leases in the Colchester Town are subleases, so you might be able to snag a great spot on a short term. 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 4,940 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this market were built in 1995 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Colchester Town residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.