Find Back Bay commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Back Bay commercial real estate broker in Back Bay's Top Broker Directory. Learn about Back Bay commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
Most commerial real estate listings for lease are in the $80's per square foot per year. The Back Bay submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $8 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Greater Boston commercial real estate market, the Back Bay region has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 279 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Back Bay 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 on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 16,310 sqft. Most buildings in this area are close to 6 floors. Most buildings in this area were built approximately 1923 and are Class A.
A large portion of this region is residential, but there's plenty of office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Back Bay work from home. Commuting more than an hour and a half 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.
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