Milford Office Space

Milford

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
3,830
As of: July 21, 2017

Milford Rates

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.

Milford Listing Supply

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.

Milford Community

Market Report

Trends and status of the commercial real estate market in Milford.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Milford.
Research