On average, listings lease in the $0's per square foot per year. The Downtown Watertown region is seeing a decline in rates. In the last 3 months, the median rate decreased $47 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 670 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1959 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Watertown residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.