On average, listings lease in the $60's per square foot per year. The Back Bay East submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $66 per sqft per year.
Compared to the rest of the Greater Boston market, the Back Bay East submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 34,940 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this market were built in 1920 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Back Bay East residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.