On average, listings lease in the $20's per square foot per year. The Woods Corner region is experiencing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 39% decline in rent.
Compared to the rest of the Greater Boston market, the Woods Corner submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the office spaces in the Woods Corner are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,010 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 4 floors. Most buildings in this area were built in 1985 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Woods Corner folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.