Most listings are in the $30's per square foot per year. The Franklin Town region is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Greater Boston market, the Franklin Town submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 30 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the Franklin Town 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 420 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1989 and are Class A.