On average, listings lease in the $0's per square foot per year. The South Boston submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $75 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 6 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the South Boston 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,790 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 7 floors. Most buildings in this area were built in 1918 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 area. Commute by public transit is the most popular way to get to work amongst South Boston folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.