On average, listings lease in the $70's per square foot per year. The Financial District region is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Greater Boston market, the Financial District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 36 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Financial District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,270 sqft, there are still 0 spaces below 2,000 sqft. Most buildings 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 area. Commute by walking is the most popular way to get to work amongst Financial District residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.