Most listings are in the $90's per square foot per year. The Back Bay East submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Greater Boston market, the Back Bay East region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,940 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 6 stories. Most buildings in this region were built in 1923 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Back Bay East occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.