Most listings are in the $70's per square foot per year. The Back Bay submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Greater Boston market, the Back Bay submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 9,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 6 stories. Most buildings in this region were built in 1925 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants 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.