On average, listings lease in the $40's per square foot per year. The Somerville region is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Greater Boston market, the Somerville submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 34 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this region are around 4 stories. Most buildings in this market were built in 1989 and are Class B.