On average, listings lease in the $20's per square foot per year. The Colchester Town submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a 88% rise in rent.
In the last 90 days, 4 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1995 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Colchester Town occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.