The typical asking rate per listing is in the $40's per square foot per year. The Pill Hill submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
In the last 90 days, 19 listings have been posted online, 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,180 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1959 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pill Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.