The typical asking rate per listing is in the $20's per square foot per year. The River Corridor region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Greater Boston market, the River Corridor region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 29% of the office spaces in the River Corridor 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,310 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst River Corridor occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.