The typical asking rate per listing is in the $60's per square foot per year. The Prudential - St. Botolph region is seeing a a boost in rates. In the last 3 months, the median rate increased $70 per sqft per year.
Compared to the rest of the Greater Boston market, the Prudential - St. Botolph submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 27,640 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 8 stories. Most buildings in this area were built in 1927 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Most of the residents of Prudential - St. Botolph work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.