On average, listings lease in the $90's per square foot per year. The Fenway - Kenmore - Audubon Circle - Longwood region is experiencing a a rise in rates. In the last 3 months, the median rate increased $99 per sqft per year.
Compared to the rest of the Greater Boston market, the Fenway - Kenmore - Audubon Circle - Longwood region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 50,970 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this region were built in 1916 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Fenway - Kenmore - Audubon Circle - Longwood folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.