On average, listings lease in the $30's per square foot per year. The Watertown Town submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Greater Boston market, the Watertown Town region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 30 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available space in the Watertown Town are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 21,910 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1931 and are Class A.