Downtown Boston Retail

Downtown Boston

Office Space Market Report

Number of Listings (last 90 days)
165
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
4,180
As of: December 3, 2016

Downtown Boston Rates

The typical asking rate per listing is in the $70's per square foot per year. The Downtown Boston submarket is going through a a boost in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 20% increase in rent.

Compared to the rest of the Greater Boston market, the Downtown Boston submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Downtown Boston Listing Supply

In the last 90 days, 162 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Downtown Boston are subleases, so you will probably have to consider a longer term 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 4,380 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 11 stories. Most buildings in this market were built in 1920 and are Class B.

Downtown Boston Community

Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Boston occupants. Commuting around 15 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 Downtown Boston.
Market Report

Market Data

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