Most listings are in the $70's per square foot per year. The South Boston region is experiencing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Greater Boston market, the South Boston submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 28 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the listings in the South Boston 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 posted, so finding a space for a small business might be tough.
Even though the median size is 11,590 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 7 stories. Most buildings in this area were built in 1918 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst South Boston occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.