On average, listings lease in the $20's per square foot per year. The North Common submarket is seeing a decline in rates. In the last 3 months, the median rate fell $136 per sqft per year. That's a 87% decline in rent.
Compared to the rest of the Greater Boston market, the North Common submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 29 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this market are close to 6 stories. Most buildings in this market were built in 1903 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the occupants of North Common work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.