South Boston Office Space

South Boston

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
6,150
As of: June 28, 2017

South Boston Rates

Most listings are in the $50's per square foot per year. The South Boston region is going through a a rise in rates. In the last 3 months, the median rate went up $51 per sqft per year.

Compared to the rest of the Greater Boston market, the South Boston submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

South Boston Listing Supply

In the last 90 days, 4 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 375% of the available leases in the South Boston 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,150 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 7 stories. Most buildings in this market were built in 1911 and are Class B.

South Boston Community

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 region. Commute by public transit is the most popular way to get to work amongst South Boston residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South Boston.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Boston.
Research