The typical asking rate per listing is in the $30's per square foot per year. The Watertown Town region is seeing a a rise in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Greater Boston market, the Watertown Town submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 30 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Watertown Town are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 25,550 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1931 and are Class A.