The typical asking rate per listing is in the $70's per square foot per year. The Downtown Boston submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1196 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Downtown Boston are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,920 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 11 stories. Most buildings in this area were built in 1920 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Boston residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Boston.
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