The typical asking rate per listing is in the $0's per square foot per year. The Somerville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 16,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1939 and are Class C.