Most listings are in the $70's per square foot per year. The Financial District submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Boston market, the Financial District region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 488 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Financial District 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 12 floors. Most buildings in this region were built in 1926 and are Class A.
Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Financial District occupants. Commuting around an hour 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 Financial District.
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