Category Archives: Boston Office Space
0 Boston Realty Advisors Congratulates Boston Architectural College on Office Lease in Back Bay
0 Boston Realty Advisors MASSTrac on Office Lease in the Financial District
0 Newbury Street Remains ‘Super-Submarket’ within the Back Bay
Credit: Bisnow
Newbury Street has been a passion of mine since the early ’80’s when I spent time doing deliveries for my late father’s art gallery. Thank you to: Bisnow, Aaron Twersky, David Gerzof Richard, AVALT, Asana Partners, Jamestown, Dartagnan Brown, UrbanMeritage, BIGfish Communications
The Newbury Street ‘super-sub’ market has continued to develop and flourish since that time into its current iteration, where “the spaces above the ground floor are now some of the most desirable workspaces in Boston. These 207 buildings in Back Bay form a submarket within a submarket, a working enclave totaling over 3M SF. Properties on Newbury Street are able to leverage a built-in cool factor that most office buildings and new developments can’t duplicate. Unlike other Boston submarkets with seasonal attractions, Newbury Street is a year-round destination — the neighborhood has a perpetual energy,” according the Bisnow.
“You never have to leave the street. Every possible food and beverage option, as well as every type of service, is just steps from your office front door,” Back Bay Association President Meg Mainzer-Cohen said. “Newbury Street is also a stone’s throw from a park system that is one of the best in the country, including Boston Public Garden and the Esplanade, making it easy to step out and recharge.”
You can read the full Bisnow article on its website, here.
0 Boston Workplace Trends Emphasize Activity-Based Design
Credit: Bisnow
Boston office design still includes the basics, but now a genuine focus is placed on employee retention. Flexible, creative and communal space are the buzzwords that are exchanged when office tenants share their ideas of what their new space should embody.
Biznow takes a deep dive into a recent report released by architecture firm Ted Moudis Associates, assessing the evolution of office design over the last year, notes the following in its conclusion:
Instead of trying to find one seamless solution for everyone, organizations are working to develop new spaces that will cater to different working styles in order to encourage a balance between effective and efficient workspaces.
“People come to the office to connect with colleagues and so that interaction with the education aspect and learning from their peers and the senior leadership in the office [is important],” [Ted Moudis Associates Director of Workplace Strategy Jamie] Feuerborn said. “I think they want choice. If I want to do heads down focus work I have a place to go, if I want to connect with colleagues I can choose to sit in a different environment to do that.”
For more information, jump over to Biznow’s complete coverage.
0 What has history told us about the Class A office market in Boston?
0 Did you sign your Boston Office Lease during the Great Recession?
0 Amazon is Looking for Office Space in Boston
Credit: Boston Globe
Amazon has 19 options to look at that have between 100,000 – 200,000 square feet of available space — now or in the near future — from East Cambridge to the Seaport and the Financial District to Back Bay.
As of today the availabilities would be in the following buildings:
- 1 Beacon St
- 200 Berkeley St
- 222 Berkeley St
- 399 Boylston St
- 105 Broadway
- 1 Center Plz
- 200 Clarendon St
- 1 Copley Pl
- 2 Copley Pl
- 26 Court St
- 21-25 Drydock Ave
- 101 Federal St
- 110 High St
- 125 High St
- 100 Northern Ave
- 53 State St
- 253 Summer St
- 645 Summer St
From the Boston Globe:
Amazon already has a large and growing presence in Kendall Square, but is eying downtown Boston in part because it has cheaper rents and more available space than in nearby Cambridge. It would also join a string of tech companies that have set up shop downtown, helping to reinvent the traditional business district as a hub for a new industry.
“Downtown Boston already has tremendous street cred in the tech world,” said Brendan Carroll, head of Encompass Real Estate Strategy, which tracks Boston’s office market. “But Amazon moving in would be a really big thing.”
0 Seven Significant Boston Real Estate Projects slated for 2017
Credit: Curbed
Seven new projects are scheduled to break ground in ’17 in Boston. Fears of a slowdown are not adopted by developers of Boston real estate.
Curbed, Boston outlines the 7 new projects slated for this year. Six of the properties are located in the Greater Boston area and one in Watertown, MA:
Boston
- 171 Tremont Street
- 700 Atlantic Ave
- A St & Necco Ct
- 660 Summer St
- Dorchester Ave & Hancock St
- Commonwealth Avenue & Brookline Ave
Watertown
- 485 Arsenal St
0 Boston Old City Hall goes up for Sale
The Boston Classic, Old City Hall is going up for sale. The building, constructed in 1862, contains 106,508 RSF over 9 stories with a typical floor plate of 11,834 RSF. Boston’s Old City Hall was home to its city council from 1865 to 1969. It was one of the first buildings in the French Second Empire style to be built in the United States, according to Wikipedia.
Credit: The Real Reporter
A recent article on The Real Reporter notes, “by some estimates, value of its ground lease that runs to 2069 could eclipse $30 million, or $358 per sf at that starting point. Held by the Boston Planning and Development Agency, aka Boston Redevelopment Authority, the ground lease is controlled by the non-profit Architectural Heritage Foundation. The nine-story, 83,700-sf property whose address is 45 School St. was repositioned in 1972 as a mixed-use property and today is 98 percent leased to 18 office tenants and Ruth’s Chris Steakhouse, the eatery in where popular French restaurant Maison Robert was a fixture for decades serving Boston’s elite.”
You can read the full Real Reporter article, here.