On average, listings lease in the $40's per square foot per year. The Fenway - Kenmore - Audubon Circle - Longwood region is seeing a a rise in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the Greater Boston market, the Fenway - Kenmore - Audubon Circle - Longwood region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 980 sqft. Most properties in this market are around 7 floors. Most buildings in this market were built in 1916 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Fenway - Kenmore - Audubon Circle - Longwood residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.