Most listings are in the $60's per square foot per year. The Downtown Boston region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 96 listings have been posted online, so you'll want to check back regularly for new listings. About 99% of the office spaces in the Downtown Boston 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,270 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 11 floors. Most buildings in this market were built in 1920 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Boston occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.