Most listings are in the $80's per square foot per year. The Back Bay submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Greater Boston market, the Back Bay submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Back Bay 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,770 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this market were built in 1925 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk 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.