The typical asking rate per listing is in the $80's per square foot per year. The Newton Upper Falls submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $83 per sqft per year.
Compared to the rest of the Greater Boston market, the Newton Upper Falls submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means leases 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.
The standard measurement for office space in this area is around 100 sqft. Most buildings in this region are around 4 floors. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the occupants of Newton Upper Falls work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.