Most listings are in the $70's per square foot per year. The Back Bay region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Greater Boston market, the Back Bay region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 6,770 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1925 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of Back Bay work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.