The typical asking rate per listing is in the $20's per square foot per year. The West Roxbury submarket is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 26% increase in rent.
Compared to the rest of the Greater Boston market, the West Roxbury region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 26 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 23% of the office spaces in the West Roxbury are subleases, so you might be able to find a shorter term or below market rent. 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 measurement for office space in this area is around 1,640 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of West Roxbury work from home. 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 West Roxbury.
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