The typical asking rate per listing is in the $30's per square foot per year. The River Corridor submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 59% increase in rent.
Compared to the rest of the Greater Boston market, the River Corridor region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 5,630 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1982 and are Class Class A.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst River Corridor occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.