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Most commerial real estate listings for lease are in the $20's per square foot per year. The South Boston submarket is seeing a decline 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 South Boston submarket has higher rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 125 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available commercial real estate leases in the South Boston are subleases, so you will probably have to consider a longer term lease. 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 8,270 sqft. Most properties in this area are around 6 stories. Most buildings in this area were built around 1910 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Boston residents. Commuting between 30 and 45 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 South Boston.
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