The typical asking rate per listing is in the $60's per square foot per year. The Downtown Boston region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 96 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Downtown Boston are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,960 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 11 stories. Most buildings in this area 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 residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.