The typical asking rate per listing is in the $30's per square foot per year. The Newton region is seeing a an increase in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 43% rise in rent.
Compared to the rest of the Greater Boston market, the Newton region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 17 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,870 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 1973 and are Class A.