On average, listings lease in the $20's per square foot per year. The College Hill region is going through a decline in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Greater Boston market, the College Hill submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the College Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this region were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the residents of College Hill work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.