The typical asking rate per listing is in the $10's per square foot per year. The Milford submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Greater Boston market, the Milford submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 10 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 70% of the office spaces in the Milford are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,830 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1989 and are Class A.