Most listings are in the $60's per square foot per year. The Back Bay East region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Boston market, the Back Bay East region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 172 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Back Bay East are subleases, so you will probably have to focus your search on direct office 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 measurement for office space in this area is around 350 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1920 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Back Bay East residents. Commuting around 20 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 Back Bay East.
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