33 Arch Street, Boston
Why are Tech and E-Commerce companies moving to Downtown Crossing?
- Value – This seems easy, but a low to mid $30’s rent is still achievable within the Class B portfolio of options
- Location – The neighborhood includes Class A office Towers, the new Millennium Place Condo’s, grocery store
- Amenities – Live, Work, Play
- Transportation – This area sits above the Red, Orange and Green Line and is a short walk to the Blue Line at State Street
From BostonSF.com:
“According to a new commercial real estate market report released by Cresa, Downtown Boston is still considered one of the country’s most dynamic office markets. As traditional industries, such as banking and financial institutions, in the Financial District continue to downsize and consolidate, large blocks of inventory are becoming available to tenants. And as technology and e-commerce companies continue to populate Downtown Crossing, the area is becoming Boston’s new ‘Innovation District.'”