On average, listings lease in the $50's per square foot per year. The South Side submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $51 per sqft per year.
Compared to the rest of the Greater Boston market, the South Side submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available leases in the South Side are subleases, so you will probably have to consider a longer term lease. 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 12,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market 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 market. Most of the residents 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.