The typical asking rate per listing is in the $70's per square foot per year. The Financial District region is experiencing a an increase in rates. In the last 3 months, the median rate increased $71 per sqft per year.
Compared to the rest of the Greater Boston market, the Financial District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 36 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 94% of the available leases in the Financial District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,510 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 12 floors. Most buildings in this region were built in 1926 and are Class A.
Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Financial District folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.