On average, listings lease in the $10's per square foot per year. The Milford submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Greater Boston market, the Milford submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 10 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available leases in the Milford 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,830 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1989 and are Class A.