Compared to the rest of the Greater Boston market, the Federal Hill submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Federal 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 6,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1900 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Federal Hill residents. Commuting close to 20 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 Federal Hill.
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