The typical asking rate per listing is in the $60's per square foot per year. The Back Bay East submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Greater Boston market, the Back Bay East submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 14 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 114% of the office spaces in the Back Bay East 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this region were built in 1920 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Back Bay East folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.