The typical asking rate per listing is in the $30's per square foot per year. The Allston submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $57 per sqft per year. That's a 62% decrease in rent.
Compared to the rest of the Greater Boston market, the Allston submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,180 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1930 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Allston occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.