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The typical asking rate per commerial real estate listing leases is in the $130's per square foot per year. The Kalivas-Union submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $139 per sqft per year.
Compared to the rest of the Greater Boston commercial real estate market, the Kalivas-Union submarket has higher rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 16 commercial real estate listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available commercial real estate leases in the Kalivas-Union are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,830 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built approximately 1950 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Kalivas-Union occupants. Commuting more than an hour and a half 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 Kalivas-Union.
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