Downtown Boston Office Space

Downtown Boston

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Downtown Boston Rates

Most listings are in the $70's per square foot per year. The Downtown Boston region is experiencing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 26% increase in rent.

Compared to the rest of the Greater Boston market, the Downtown Boston submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Boston Listing Supply

In the last 90 days, 159 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Boston are subleases, so you will probably have to consider a longer term 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 5,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 11 stories. Most buildings in this market were built in 1920 and are Class B.

Downtown Boston Community

Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Boston residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.