The typical asking rate per listing is in the $60's per square foot per year. The Back Bay East submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Boston market, the Back Bay East region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 114% of the listings in the Back Bay East are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 7,240 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built in 1920 and are Class A.
A large portion of this region 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.