On average, listings lease in the $70's per square foot per year. The Back Bay East submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $78 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater Boston market, the Back Bay East region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,300 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 6 stories. Most buildings in this region were built in 1923 and are 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 market. Commute by public transit is the most popular way to get to work amongst Back Bay East folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.