Finding Commercial Office Space for Lease

December 8, 2021

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What is the best way to find commercial office space for lease in Boston?

 

When looking for office space to lease, the choices can be overwhelming. The current average rate for office space in Boston, MA is $45.5 per square foot. Asking prices will vary based on the property’s location, overall rating, amenities, proximity to restaurants and entertainment venues, as well as public transport, airports and highways.

But price isn’t the only factor you should be considering. Here are several questions you will want to ask yourself when looking for office space to lease:

How much space do you need?

Tools like LoopNet and MLS list and our own site list square footage available in a particular office building, and more specifically by office suite. You can narrow your search based on how much (or how little) extra space you may want. Pro-tip: look for office space that is a little more than you need or will allow you to expand as you grow.

Do you want a class A, B or C office property?

Office space rents and amenities vary greatly between classes. Class A are the premiere office spaces and are generally newer or fully remodeled and in a great location. Class B office space offers some amenities, but the building may be older. Class C may be older and more “well-worn” but have much less expensive rents. 

What are you willing to spend per month?

The cost of your lease will depend greatly on the type of office building and square footage. Once you know how much office space you need, what you are willing to spend should be your next question. It will help your commercial real estate broker narrow the field to spaces that fit within your budget.

What type of lease do you want?

There are many types of leases and you have to consider how much you want included in your lease. A broker can help you navigate nets, maintenance, rent, and terms.

Armed with the answers to these questions your broker can present you with several good options of office space for lease that will fit your business needs. Once you find the ideal location, your broker will work with you to negotiate a lease agreement with terms that are amenable to you so that you get a deal that will fit your business needs in the months and years to come.

 

Ready to start the search for your perfect temporary office space for lease in Boston? Contact the Synergy SOS team today!