On average, listings lease in the $40's per square foot per year. The Charlestown region is going through a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.
Compared to the rest of the Greater Boston market, the Charlestown region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 467% of the available leases in the Charlestown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,800 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 11 stories. Most buildings in this market were built in 1960 and are Class A.
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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.