The typical asking rate per listing is in the $60's per square foot per year. The Downtown Boston region is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 96 listings have been made available, so you'll want to check back regularly for new listings. About 82% of the available leases in the Downtown Boston are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 11 floors. Most buildings in this region were built in 1920 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Boston folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.