The typical asking rate per listing is in the $30's per square foot per year. The Somerville region is seeing a a rise in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Greater Boston market, the Somerville region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 21 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1989 and are Class B.