Newton Sublease

Newton

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
9,600
As of: May 22, 2017

Newton Rates

On average, listings lease in the $30's per square foot per year. The Newton region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Greater Boston market, the Newton region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Newton Listing Supply

In the last 90 days, 27 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Newton are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 9,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1973 and are Class A.

Newton Community

Market Report

Trends and status of the commercial real estate market in Newton.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newton.
Research