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.
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.
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.