On average, listings lease in the $50's per square foot per year. The South Side region is seeing a a boost in rates. In the last 3 months, the median rate increased $27 per sqft per year. That's a 111% rise in rent.
Compared to the rest of the Greater Boston market, the South Side submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the South Side 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 2,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the occupants of South Side work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.