Amazon is on the move in Massachusetts; first, they agreed to collect Massachusetts sales tax from local customers which they have resisted for years, then they expanded their footprint in East Cambridge/Kendall Square.
An article in the Boston Globe notes, “the online retailing giant is leasing 105,000 square feet on several floors at 101 Main St., at the foot of the Longfellow Bridge, according to a person briefed on the deal. The company has already posted more than 30 local openings for software engineers and other tech professionals, another clear signal Amazon is speeding up efforts to establish a large presence in Massachusetts’ technology community.”
Continue reading the Boston Globe’s article on Amazon’s recent lease, or view available office space in Kendall Square.
How times have changed in our neighbor drugstore; from a soda fountains to sushi.
The Boston Business Journal reports, “contractors are at work restoring a portion of the building that once housed the bookstore and the historic Boston Five Cents Savings Bank. The new space in the former bank will feature marble and limestone walls, dark wood paneling and a porcelain floor. The store is one of three such Walgreens stores in the country. The others are in New York and in Chicago.”
For more information, click through to the BBJ’s article.
Tenants continue to migrate downtown from neighboring submarkets as well as the suburbs. Downtown rents offer a great value combined with a strong talent pool and great area amenities. Employers are finding that a Boston address has become what today’s prospective employee values when seeking out job opportunities.
Available Downtown Office Space
Boston Commercial Real Estate Listings
If history is any clue into the future, it would be safe to assume that MassDOT is on the development prevention team. Many of these projects, such as this, provide a necessary “Bridge” between two neighborhoods of our city. For example, the suppression of the Central Artery and the creating of the Greenway links the North End and Waterfront with the Financial District.
Tenants continue to migrate from the very tight East Cambridge office market to Boston. Among the latest companies to move from Cambridge to Boston’s Seaport district is Zipcar.
Zipcar’s new office space will be in the Fort Point neighborhood of South Boston, at at 35 Thomson Place
The Financial District is not emptying out, but rather attracting tenants. The market is strong and with the lack of demand of available options in neighboring markets the Financial District is poised to see an influx of new companies.
Despite an article on the Boston Business Journal posing the question, “is Boston’s Financial District emptying out”, we continue to see evidence to the contrary.
Vacant Office Space Listings
Boston Financial District