On average, listings lease in the $30's per square foot per year. The Needham submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Greater Boston market, the Needham submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the office spaces in the Needham 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 5,470 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1974 and are Class A.