The typical asking rate per listing is in the $70's per square foot per year. The Financial District region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Greater Boston market, the Financial District submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 36 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Financial District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 7,270 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 12 floors. Most buildings in this area were built in 1926 and are Class A.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Financial District residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.