The typical asking rate per listing is in the $20's per square foot per year. The Colchester Town region is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 42% rise in rent.
In the last 90 days, 7 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,940 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1995 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Colchester Town occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.