Most listings are in the $20's per square foot per year. The East Watertown submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 38% increase in rent.
Compared to the rest of the Greater Boston market, the East Watertown submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 40,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1945 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst East Watertown residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.