Boston Office Space for Rent

Rent Shared & Private Office Space in Boston

To enable you to find the ideal location for your Boston office, the Offices.net site allows you to search through all the serviced offices, shared office space, cowork spaces and virtual office options and get the key details about each one quickly and easily. We have a wide range of buildings and locations available, most with flexible rental terms that can be tailored to suit your business' needs.

Offices.net was created to help companies find new premises as easily as possible. Flexible contracts and competitive pricing allows businesses of any size and budgetary requirement to find a Boston office space that is right for them. We try our best to ensure that the entire process is as simple as possible for our clients.

The Boston office space and shared workspaces listed on our website are situated in convenient locations and are offered on either a lease or flexible rental terms, giving you the chance to secure office space for whatever period you need. Select any of the office space featured above or contact us by phone and we'll search the currently available offices in Boston for you.

Commercial Real Estate: Boston Office Space Market

The office market in Boston is comprised of approximately 63 million square feet of office space.

Prime Office Locations: The largest sub-markets are the Financial District / CBD, Seaport, and Back Bay. Other important office space sub-markets include Midtown, South Station, Fenway, North Station, Charlestown, and the suburban areas of Route 128, Mass Pike, Cambridge, Lexington, Westford, and Route 495.

Vacancy Rates and Availability: Vacancy rates for office space are below 10 percent and availability is in very short supply in Fenway, South Station, and Cambridge. Average asking rates have been rising steadily, but at the same time tenants benefit from improved packages and better concessions.

Occupier Profile: The typical office occupier profile is a medium-sized company involved in technology, media, and advertising, although in suburban sub-markets life sciences companies are behind most transactions. Another trend worth keeping in mind is the rising demand and leasing activity levels in the downtown CBD and Seaport, where there is a very limited supply of office units under 30,000 square feet. This has led to a very strong performance of the Class B sub-market, where office space rents have achieved record highs of nearly $50 / sq ft / year.

Office Space Costs: Orientative prices are $55 to $60 / sq ft / year in central locations, and $35 / sq ft / year in the suburbs, although prices for office space can be much lower in areas like 495 North (2017 data).

New Office Space Builds: New developments are already underway in the Financial District, Seaport, North Station, East Cambridge, 128 Central, and 495 West, with projects like North Point Development, 145 Cambridge, and Harbor Aquarium Garage which, once completed, will add just under 1 million square feet of Class A office space to Boston's current offering.

Find Office Space for Rent in Boston with Offices.net

Each one of the offices and cowork spaces on this site has a page with more information, which lists the features offered by each commercial property. Click on any of offices and shared workspaces featured above to find out more info, and if anything you are looking for isn't immediately obvious, please feel free to call us and ask.

Why You Should Rent Office Space in Boston

Since its foundation in 1630, New England's largest city has grown to become one of the most economically influential cities in the United States. Manufacturing and education played a key role in Boston's economic development, and education is still important today, offering plenty of scope for growth in the medium and long term.

As one of the 25 most visited cities in America, Boston also has a thriving visitor economy due to its abundance of historical and cultural landmarks. Moreover, the city is an international enclave for high-value industries like life sciences, biotechnology, knowledge industries, and pharmaceutical research. Key employers in the city include Harvard University, MIT, Massachusetts General Hospital, HubSpot, Bright Horizons, Tufts Health, Wayfare, Boston Healthcare Systems, Eastern Bank, and Vertex Pharmaceuticals.

Boston's unemployment levels are usually below 4 percent, and office based employment is growing by almost 3 percent every year. Job creation and average wage levels are back to pre-recession levels, and in some sectors they are even higher, as in the case of tech and science professions.

Overall, Boston is known for having the third highest job density in the United States. On that note, the state of Massachusetts ranks number one in the Technology and Science Index and is one of the best places to hire staff with specialized tech skills. Education, healthcare, professional, scientific, and technical services, finance, insurance, and government are the sectors evidencing the highest job creation levels.

Local universities stand out in medicine, business, engineering, and law, making Boston a great office location for employers in search of highly skilled talent. In addition, Boston boasts high levels of start-up activity, investment in human capital, R&D, and innovation, which help create a climate in which office based businesses can thrive. Entrepreneurs can benefit from the availability of talent, mentorship schemes, venture capital investment, the availability of shared office space and collaborative workspace, and the range of incentives offered by the City of Boston and the Boston Planning and Development Agency.

Relevant Facts about Boston

• Founded in 1630 by Puritan settlers, the city is one of the oldest in the U.S.
• It has been the site of key events in American history, including the Boston Massacre, the Boston Tea Party, the Battle of Bunker Hill, and the Siege of Boston.
• The largest city and capital of Massachusetts, Boston is the twenty-fourth largest city in the United States.
• The Greater Boston metropolitan area is home to approximately 4.5 million people, making it the tenth largest metro area in the country.
• A global city, Boston's regional economy is the sixth-largest economy in the country and one of the most important in the world.
• Major sectors in the city include finance, professional and business services, and government.
• Boston is also a leader in education and innovation thanks to several major universities and colleges in the area, including Boston and the Massachusetts Institute of Technology (MIT).
• Although the city has one of the highest costs of living in the country, it consistently ranks highly as one of the best places to live in the world making it an ideal place to lease or rent office space.

Contact Offices.net

As well as the Boston office space, shared workspace and cowork spaces listed above, our team can also provide a wide selection of virtual offices, shared offices and flex space, and executive office suites in excellent locations in other cities in Massachusetts, available on both lease agreements and flexible rental terms to suit your office requirements. Fill out the inquiry form or contact us by phone now!