The typical asking rate per listing is in the $40's per square foot per year. The Wellington submarket is going through a a boost in rates. In the last 3 months, the median rate rose $45 per sqft per year.
Compared to the rest of the Greater Boston market, the Wellington submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 500% of the available space in the Wellington are subleases, so you might be able to snag a great spot on a short term. 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 44,070 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this market were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Wellington folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.