The typical asking rate per listing is in the $70's per square foot per year. The Downtown Boston region is experiencing a a rise in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 26% rise in rent.
Compared to the rest of the Greater Boston market, the Downtown Boston region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 164 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Downtown Boston are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 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 area. Commute by car is the most popular way to get to work amongst Downtown Boston folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.