Most listings are in the $60's per square foot per year. The Downtown Boston submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 81 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Downtown Boston are subleases, so you will probably have to focus your search on direct office leases. 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 3,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 11 floors. Most buildings in this region were built in 1920 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Boston folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.