Charlestown Sublease

Charlestown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
4,030
As of: July 22, 2017

Charlestown Rates

The typical asking rate per listing is in the $40's per square foot per year. The Charlestown region is seeing a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.

Compared to the rest of the Greater Boston market, the Charlestown region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Charlestown Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available leases in the Charlestown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,030 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 11 stories. Most buildings in this market were built in 1960 and are Class A.

Charlestown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Charlestown folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Charlestown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Charlestown.
Research