The typical asking rate per listing is in the $60'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 fell $13 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Greater Boston market, the Financial District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 36 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,270 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 12 floors. Most buildings in this region were built in 1926 and are Class A.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Financial District residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.