On average, listings lease in the $40's per square foot per year. The Charlestown submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $42 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Greater Boston market, the Charlestown 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, 5 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,300 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 6 floors. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Charlestown folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.