The typical asking rate per listing is in the $60's per square foot per year. The Back Bay submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Greater Boston market, the Back Bay region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 53% of the listings in the Back Bay 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.
The standard measurement for office space in this area is around 530 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this area were built in 1923 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Back Bay work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.