On average, listings lease in the $30's per square foot per year. The Long Wharf submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $37 per sqft per year.
In the last 90 days, 16 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 94% of the available space in the Long Wharf 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,270 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 9 floors. Most buildings in this region were built in 1972 and are Class A.
Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Long Wharf residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.