The typical asking rate per listing is in the $40's per square foot per year. The Wellington submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $45 per sqft per year.
Compared to the rest of the Greater Boston market, the Wellington region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 500% of the listings in the Wellington 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 44,070 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 5 floors. Most buildings in this area were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Wellington residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.