Find Somerville commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Somerville commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
Most commerial real estate listings for lease are in the $20's per square foot per year. The Somerville region is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $22 per sqft per year.
Compared to the rest of the Greater Boston commercial real estate market, the Somerville submarket has greater rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 74 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Somerville are subleases, so you will probably have to focus your search on direct leases. 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 size for office space in this area is around 2,100 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built close to 1978 and are Class B.
Real time and historical data on commercial real estate listings in Somerville.
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