On average, listings lease in the $30's per square foot per year. The Watertown Town submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Greater Boston market, the Watertown Town region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 23 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 2,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1931 and are Class B.