Most listings are in the $20's per square foot per year. The North Common region is experiencing a a boost in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the Greater Boston market, the North Common submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 32 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the North Common 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,360 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1901 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the residents of North Common work from home. 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 North Common.
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