On average, listings lease in the $10's per square foot per year. The Kennedy region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 30% decrease in rent.
In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 28% of the office spaces in the Kennedy are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 5 floors. Most buildings in this area were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Kennedy work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.