On average, listings lease in the $30's per square foot per year. The Marina Bay region is seeing a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater Boston market, the Marina Bay submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,300 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the residents of Marina Bay work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.