Category Archives: Back Bay Office Space

Office Space in Boston’s Back Bay area.

0 Hotel Proposed for Back Bay, across from Hancock Tower Office Building

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Rendering of proposed hotel at 40 Trinity Place in Boston's Copley Square

Photo Credit: Boston.com

There are changes in store for the Back Bay skyline. The project will include a 220-room hotel with meeting spaces, 142 residences, parking, and several restaurants.

“A rendering of the proposed building, to be called 40 Trinity Place, shows a slender glass tower with an angular top. The developers still need approval from the Boston Redevelopment Authority, but said they hope to start construction by next fall.”

More information on the proposed hotel is available on Boston.com’s Business Updates.

Alternatively, click through for a printable overview of the offices at John Hancock Tower.

0 Best Value For Office Space in Boston: Financial District

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Back Bay office space Where is the best value for office space in Boston?  The Financial District, rents are 20 percent below Back Bay with vacancy rates at 14.9 percent.

Banker & Tradesman reports that a “six-quarter streak of positive absorption in Boston’s Financial District has increased occupancy there by 848,000 square feet…Back Bay rental rates are now at a record 20 percent premium over asking rates in the Financial District.”

Further analysis is available at Banker & Tradesman.

0 Flour Bakery to Open Back Bay Location

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131 Clarendon Street, which was acquired by Brookline Bank last year, will be home to Flour’s new location.

The Boston Herald provides some context on the cafe chain’s expansion, noting that “Flour…started on Washington Street in the South End in 2000, also has locations in the Fort Point neighborhood of South Boston’s Seaport District and in Central Square, Cambridge.”
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0 Frye Trots Out Newbury Street Store

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More boots to Newbury Street; the nation’s oldest continuously operated footwear brand, Frye Boots, is opening their 2nd U.S store on the corner of Newbury and Gloucester.

The Boston Globe is reporting that Frye Co. “plans to open a three-story flagship store on Newbury Street next spring. It will take over the space formerly occupied by Charley’s restaurant, which closed Sunday after being unable to negotiate a new lease with the building’s owner.”
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0 BofA to Assume former FAO Schwarz Building in Back Bay

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retail space at 440 boylston street, back bay

Photo Credit: Thomas Grillo, Real Estate Editor, Boston Business Journal.

The bear has moved to the entrance of the Floating Hospital for Children, at Tufts Medical Center in Boston.  The silver of Shreve, Crump & Low has found a new address at 39 Newbury Street.  Now, bring on Bank of America at the corner of Berkeley and Boylston Streets.

Thomas Grillo, of the Boston Business Journal, reports that “the bank will occupy about 8,500 square feet on two floors at 440 Boylston St. at the Berkeley Street intersection, one of the most visible locations in the Back Bay, said people familiar with the transaction.

Click here to read the full report on the modifications at 440 Boylston St.

Related Property Listings:
Back Back Commercial Real Estate

0 Back Bay Retail Space, 28 Newbury St., to Hit Market

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28 Newbury Street Retail SpaceBack Bay has another fully leased building coming to market at 28 Newbury Street.

According to The Real Reporter, “the owner of 28 Newbury St. has retained Holliday Fenoglio Fowler to harvest the four-story, 19,050-sf building, according to industry sources, with one estimate suggesting that pricing could approach the $25 million range.”

Follow the link to the The Real Reporter’s article, detailing the history and attributes of the Back Bay property, along with its prime retail space.

Related Commercial Real Estate Listings:
Commercial Office Space in Back Bay

0 Back Bay Office Construction Stagnant Despite Low Vacancy Rates

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Helicopter view of commercial properties in Boston's Back Bay.The Back Bay office market seems to be to pushing north of pre-cash pricing and vacancy rates, but there is still concern for construction of spec office buildings.

“Despite a single-digit vacancy rate in Boston’s Back Bay offices, two major developments remain idle, waiting for better market conditions,” a Boston Business Journal report notes.

The editorial on the Boston Business Journal web site, offers specifics on vacancies in the Back Bay real estate market, along with information on the delayed office developments.

Related Commercial Real Estate Listings:
Back Bay Office Space

0 Liberty Mutual’s Back Bay Construction: Ranks Among Largest

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Liberty Mutual’ s new Back Bay headquarters ranks third among the 10 largest construction project currently underway.

The new address, known as 157 Berkeley street will look like the follow sketch:
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0 Boston Foundation Secures Back Bay Office Space

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The Boston Foundation Assumes Back Bay Office SpaceAnother Back Bay building achieves 100 percent occupancy.  420 Boylston Street executed a lease with The Boston Foundation for 8,412 square feet, bringing the current Back Bay vacancy rate to 4.5 percent.  This is broken down by 3.9 percent direct and .7 percent sublets.

According to Thomas Grillo, a Real Estate Editor at The Boston Business Journal, “The Boston Foundation has signed a lease for 8,412 square feet of office space at The Berkeley at 420 Boylston St. in Boston’s Back Bay.”

For the complete report, click through to the Boston Business Journal’s web site.

0 Back Bay Continues to Lure Institutional Investors

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christian science plaze on huntington aveThe Back Bay office markets continues to attract strong institutional investors.  Beacon Capital has paid $295.00 PSF for a 99 year ground lease for the tower at Christian Science Plaza.

The Boston Business Journal reports that an affiliate of Boston-based Beacon Capital Partners signed a 99-year ground lease to oversee the iconic tower in Christian Science Plaza.

Further details on the commercial lease are available on the Boston Business Journal’s web site.