On average, listings lease in the $10's per square foot per year. The Suffolk submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 35% decline in rent.
In the last 90 days, 11 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 118% of the office spaces in the Suffolk are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,490 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 2006 and are Class A.