The typical asking rate per listing is in the $70's per square foot per year. The Back Bay submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Greater Boston market, the Back Bay submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 22 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available leases in the Back Bay 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 4,950 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 6 floors. Most buildings in this market were built in 1925 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk 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.