On average, listings lease in the $20's per square foot per year. The Jamaica Plain submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Greater Boston market, the Jamaica Plain region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 28 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases 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 available, 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 buildings in this market are close to 5 stories. 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 market. 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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