The typical asking rate per listing is in the $30's per square foot per year. The Long Wharf region is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 16 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Long Wharf are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,970 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 9 floors. Most buildings in this region were built in 1972 and are Class A.
Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Long Wharf residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.