On average, listings lease in the $40's per square foot per year. The Medford region is going through a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year. That's a 70% rise in rent.
Compared to the rest of the Greater Boston market, the Medford region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 43% of the office spaces in the Medford 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 available, so finding a space for a small business might be tough.
Even though the median size is 44,070 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this region were built in 1990 and are Class A.