The typical asking rate per listing is in the $30's per square foot per year. The Long Wharf submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 16 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Long Wharf are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,970 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 9 floors. Most buildings in this area were built in 1972 and are Class A.
Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Long Wharf folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.