0 Seaport Towers Planned

Rendering of the building footprint for Boston seaport towers

Photo Credit: Elkus Manfredi Architects (via Boston Globe)

The Boston Seaport, one of the hottest office markets nationally, continues its transformation with plans to build a pair of 22-story towers on Seaport Boulevard.

The Boston Globe posted an article earlier this morning, revealing, “a deal is emerging to build one of the South Boston Waterfront’s largest developments: a pair of 22-story towers on Seaport Boulevard that would include up to 800 apartments and a 300,000-square-foot retail and entertainment complex. The towers would be among the first major buildings at the long-planned Seaport Square project, a 23-acre complex that would eventually replace the district’s sea of parking lots with residences, office buildings, stores, restaurants, and public parks.”

The Boston Globe’s website offers additional details on the Seaport Square Project.

Related Office Space Listings
Boston Seaport Commercial Real Estate

0 Boston Innovation District Adds 200 Companies in Three Years

Map of Boston's innovation district

Photo Credit: innovationdistrict.org

Rents are above $40.00 PSF, vacancy is below 4 percent for Class B space, but the good news is the Innovation District is humming. Companies are willing to pay a premium to be located among their technology peers; as it pertains to recruiting, applicants would much prefer to be there than outside the city.

A Banker & Tradesman report, quoting the Boston Redevelopment Authority, states “in the past three years, more than 200 new companies and 4,000 new jobs have moved to Boston’s Innovation District.”

The article also notes that technology companies are leading the charge, accounting for 30 percent of the area’s new job growth.

For more insight, jump over to Banker & Tradesman’s coverage of the growth of Boston’s Innovation District.