Most listings are in the $50's per square foot per year. The South Boston submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $51 per sqft per year.
Compared to the rest of the Greater Boston market, the South Boston submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 400% of the office spaces in the South Boston are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,150 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 7 stories. 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 market. 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.