Most listings are in the $10's per square foot per year. The Downtown Manchester submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Greater Boston market, the Downtown Manchester region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 521 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Downtown Manchester 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1913 and are Class A.
This area is fairly equally mixed residential and commercial. Construction is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown Manchester folk. 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 Downtown Manchester.
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