On average, listings lease in the $20's per square foot per year. The College Hill region is going through a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 40% decline in rent.
Compared to the rest of the Greater Boston market, the College Hill submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 18 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the College Hill are subleases, so you might be able to snag a great spot on a short term. 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 2,830 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this area were built in 1978 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of College Hill work from home. Commuting approximately 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 College Hill.
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