On average, listings lease in the $0's per square foot per year. The South Boston submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $48 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the South 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,500 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 7 stories. Most buildings in this area were built in 1918 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Boston folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.