Back Bay Industrial

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Back Bay

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
16,310

Back Bay Rates

On average, listings lease in the $70's per square foot per year. The Back Bay region is seeing a an increase in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the Greater Boston market, the Back Bay submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Back Bay Listing Supply

In the last 90 days, 279 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available leases in the Back Bay 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 posted, so finding a space for a small business might be tough.

Even though the median size is 16,310 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 6 floors. Most buildings in this region were built in 1923 and are Class A.

Back Bay Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk of Back Bay work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Back Bay.
Research