The typical asking rate per listing is in the $70's per square foot per year. The Downtown Boston submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1196 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available space in the Downtown Boston are subleases, so you will probably have to consider a longer term lease. 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 6,170 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 11 stories. Most buildings in this region were built in 1920 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Boston folk. Commuting close to 15 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 Boston.
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