The typical asking rate per listing is in the $60'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 rose $5 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 96 listings have been made available, so you'll want to check back regularly for new listings. About 105% of the available leases in the Downtown Boston are subleases, so you might be able to snag a great spot on a short term. 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 5,720 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 11 floors. Most buildings in this market were built in 1920 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Boston occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.