The typical asking rate per listing is in the $0's per square foot per year. The Melrose submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $53 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have been made available, which means office spaces are probably going fast. 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.
The standard measurement for office space in this area is around 50 sqft. Most buildings in this market are around 4 stories. Most buildings in this market were built in 1931 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Melrose occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.