On average, listings lease in the $20's per square foot per year. The Watertown Town submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Greater Boston market, the Watertown Town region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 12,210 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1931 and are Class B.