The typical asking rate per listing is in the $30's per square foot per year. The East Watertown region is experiencing a a rise in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Greater Boston market, the East Watertown region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available space in the East Watertown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 25,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1945 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst East Watertown occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.