Most listings are in the $50's per square foot per year. The South Boston submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $51 per sqft per year.
Compared to the rest of the Greater Boston market, the South Boston submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 375% of the listings in the South Boston are subleases, so you might be able to find a shorter term or below market rent. 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 5,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 7 floors. Most buildings in this region were built in 1911 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst South Boston residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.