On average, listings lease in the $20's per square foot per year. The Blackstone region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 12 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Blackstone 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,810 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this market were built in 1980 and are Class B.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Blackstone folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.