On average, listings lease in the $20's per square foot per year. The Hampden submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 31% increase in rent.
In the last 90 days, 4 listings have been made available, which means leases 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 2,750 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Hampden folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.