Most listings are in the $70's per square foot per year. The Back Bay East submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Greater Boston market, the Back Bay East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 new availabilities below 2,000 sqft. Most properties 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. Public administration is the dominant industry in this region. 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.