Commercial Offices:

The area has a good amount of retail space and commercial office space for those looking to start a business.  Entrepreneurs of all backgrounds will find the demographics of the area appealing for a variety of potential storefronts in a variety of industries. The average price for retail space is relatively high, considering the density ratio. Lower cost, small options can start at around $500 in historical buildings, but balloons upwards to $2 a square foot for 1,000 square feet and above. While prime real estate exists, there are a lot of higher cost options in the area that will be hard to suit. However, the vacancy rate is relatively high, so entrepreneurs shouldn’t have a hard time finding locations.  Searching for the best Boston commercial office space can be time consuming and a lot of work, but if you call Office Space Heaven we can do the work for you.  We have a wide variety of executive suites and office space (in commercial buildings) for lease, if you need temporary space, serviced units, or something long term (for 50 employees) we can help you with that also. If you need help renting a commercial office in New York, Chicago, Philly, or any other east coast market we can help.  The property tax in the Boston area is $10.63 per $1,000 assessed. The local sales tax is 5% and is relatively low compared to other larger cities. 

Culture/Population:

Boston Massachusetts is one of the oldest cities in the United States. It is one of the most densely populated areas in the region known as “New England” and is a major destination for tourists, sports fans, and college students. The area has a major culture impact in a lot of ways, and dates back to the colonial era of the U.S’s history. The population is roughly 620,535 at city center and upwards of 4.5 million across the metropolitan area, making it one of the larger cities in the U.S.  As the population grows so does the demand for commercial office space in Boston, but during these economic hard times, the commercial property rental rates have gone down and don't appear to be recovering to quickly.

The cultural impact that Boston has given to the world is vast. It has roots that go deep and therefore offers a wide variety of different things. The city shares a great cultural leaning towards England of old, and has their own version of the English dialect known as Boston English. The city has a great impact on coastal cuisine with much emphasis on seafood, salt, dairy, and Irish influenced offerings. The city has a deep religious history, which many old buildings and churches still standing tall. Alongside religious and historic buildings the area is home to some amazing performing arts centers including the famed Boston Opera House, Citi Performing Arts Center, and Cutler Majestic Theatre. There is a great appreciation of classical music in the area and many other options in terms of entertainment. Some of the big events that occur in the area include, First Night, Boston Arts Festival, Italian Summer Feasts, Harborfest, Boston Pops concert, and large reenactments of the American Revolutionary battles.

Jobs/Economy:

The residents of Boston have a great deal of self-identity, and many people attribute it to the local higher learning centers. The area boasts some of the best colleges in the country. Some of the colleges that call Boston home include, Emerson College, Fisher College, Massachusetts College of Art and Design, Wentworth Institute of Technology, Simmons College, Boston College, and Harvard.  To learn more about the local job market and commercial real estate market please check out our office articles.

Boston’s job growth has been relatively low in recent years. The national economic downturn hit the area hard, and much of the job growth had nearly disappeared. It is no surprise that the unemployment rate of the greater Boston area hit upwards of 20% in the fourth quarter of 2009. The area is looking to bounce back, and has seen some improvements in recent months, but has a while to go.