Most listings are in the $70's per square foot per year. The Financial District region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Greater Boston market, the Financial District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available space in the Financial District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 7,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 12 floors. Most buildings in this market were built in 1926 and are Class A.
Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Financial District occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.