The typical asking rate per listing is in the $70's per square foot per year. The Financial District submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $71 per sqft per year.
Compared to the rest of the Greater Boston market, the Financial District submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 36 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Financial District are subleases, so you might be able to find a shorter term or below market rent. 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 5,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 12 stories. Most buildings in this region were built in 1926 and are Class A.
Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Financial District folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.