The fourth quarter data barrage is underway, and a report from one highly respected commercial real estate shop indicates there’s more space available in the Boston market than there was a year ago. This is not a huge surprise, but there’s always value in dealing with hard numbers rather than anecdotal information.
According to the latest data from FHO Partners:
• In Boston overall, 18.3 percent of space is available. That’s up from 16.7 percent a year ago.
• Around South Station, 12.8 percent of space is available compared to 10.3 percent a year ago.
• Along the South Boston Waterfront, 29.2 percent of space is available compared to 22.7 percent a year ago.
• Near North Station, 21.3 percent of space is available compared to 15.6 percent a year ago.
• In the Financial District, 20.5 percent of space is available compared to 19.4 percent a year ago.
The data also reinforces one widely held conclusion — that the Back Bay is the hot place in the city to be.
The amount of available space in the neighborhood fell to 11.2 percent this quarter from 14.1 percent a year ago.
The figures represent totals for all classes of space.
The most expensive real estate in the city, according to FHO Partners, is Back Bay Class A space, which is going for about $70 per square foot. That’s $2 per square foot more than the best space in the Financial District.
The best space in the South Boston waterfront is going for about $52 per square foot.
Read more: A year later, more space available | Boston Business Journal