On average, listings lease in the $20's per square foot per year. The Mission Hill submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
In the last 90 days, 2 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Mission Hill are subleases, so you might be able to snag a great spot on a short term. 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 5,800 sqft, there are still 0 spaces below 2,000 sqft.
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 market. Commute by bike is the most popular way to get to work amongst Mission Hill folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.