On average, listings lease in the $40's per square foot per year. The State Street region is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 3 listings have been listed, which means spaces might be leasing quickly. 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.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this area were built in 1963 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst State Street folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.