The typical asking rate per listing is in the $30's per square foot per year. The Oak Square region is seeing a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Greater Boston market, the Oak Square region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Oak Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most buildings in this market are approximately 8 floors. Most buildings in this area were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Oak Square occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.