Most listings are in the $20's per square foot per year. The South Boston submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 43% decrease in rent.
Compared to the rest of the Greater Boston market, the South Boston submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 125 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available space in the South Boston 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 7 floors. Most buildings in this area were built in 1911 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 region. Commute by public transit is the most popular way to get to work amongst South Boston 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 South Boston.
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