Most listings are in the $20's per square foot per year. The Jamaica Plain region is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Greater Boston market, the Jamaica Plain region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 28 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Jamaica Plain 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 1,300 sqft. Most properties in this market are approximately 5 floors. Most buildings in this region were built in 1900 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 area. Commute by car is the most popular way to get to work amongst Jamaica Plain 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 Jamaica Plain.
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