The typical asking rate per listing is in the $0's per square foot per year. The Somerville submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 10,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1939 and are Class B.