Charlestown Retail

Charlestown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
3,800
As of: June 24, 2017

Charlestown Rates

The typical asking rate per listing is in the $40's per square foot per year. The Charlestown submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $46 per sqft per year.

Compared to the rest of the Greater Boston market, the Charlestown submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Charlestown Listing Supply

In the last 90 days, 3 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 433% of the listings in the Charlestown 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 3,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 11 floors. Most buildings in this area were built in 1960 and are Class A.

Charlestown Community

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 market. Commute by car is the most popular way to get to work amongst Charlestown residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Charlestown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Charlestown.
Research