On average, listings lease in the $20's per square foot per year. The Olneyville region is going through a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Greater Boston market, the Olneyville submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the available space in the Olneyville are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 23,340 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1935 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Olneyville occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.