Category Archives: Seaport Office Space

0 Declining Vacancy Rate and Abundant Renovations Mark Active Financial District

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office building at 185 franklin st in boston financial district

185 Franklin Street
(Credit: Boston Business Journal)

99 High Street and 185 Franklin Street in Boston Financial District are among Boston’s newest interior renovations. Class A assets go through lobby upgrades about every 10 – 15 years to stay current and continue to attract and retain tenants. The Financial District has a current vacancy rate of about 14.7 percent and dropping due to strong demand and few options in surrounding markets.

Click through to view a list of available office space in the Boston Financial District

0 DivcoWest Purchases Four Buildings in Boston’s Seaport District

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Divco WestDivcoWest adds four buildings to its Boston assets with a combined size in excess of 3 million square feet.

According to a report in Banker & Tradesman, “the properties were acquired for DivcoWest Fund III, an $870 million fund raised last year. The properties were purchased from a fund controlled by New York-based Brickman Real Estate. Terms of the transaction were not disclosed. The acquisition brings DivcoWest’s total holdings in the Boston Area to more than 3 million square feet of commercial property assets.”

Click through to read the full editorial on Banker & Tradesman’s web site.

0 Seaport District Becoming a Cultural Destination

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office building in boston's seaport districtThe Seaport section of Boston is experiencing explosive growth in office space and residential developments, but along with that come a neighborhood.  The influx of new restaurants with award winning chefs creates a new destination location for good eats.

The Boston Globe forecasts the area’s continued transformation, “in the next few months, another wave of restaurants and entertainment options is scheduled to open in the Seaport District, seemingly racing the developers who are rushing to fill in the area’s empty lots with office buildings and residential towers.”

To read the complete Globe report, hope over to their coverage of the Seaport’s ‘restaurant invasion’.

For more information on the Seaport’s commercial real estate environment and related property listings, view our Boston Seaport submarket page.

0 Innovation District Attracts Cambridge Law Firm

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Map of the Innovation District in Boston

Photo Credit: innovationdistrict.org

The Innovation District continues to attract tenants from other markets despite increased rates and dropping vacancy.

The Boston Globe reports “the law firm Finnegan, Henderson, Farabow, Garrett & Dunner is the latest business to join the exodus from East Cambridge to Boston’s growing Innovation District.”

Further property details, along with the additional information on the firm, are available at The Boston Globe online.

0 Tech Companies Filling Up Financial District Office Space

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Office space at 100 Federal Street BostonThe Office Market recovery in Boston and Cambridge is here. The real question is for how much longer will favorable opportunities exist for tenants.

The Boston Business Journal reports that “a survey of 44 office buildings by Boston brokerage McCall & Almy found that of the 26.5 million square feet of space studied in the Financial District, 16.6 percent was available in September, down from 20.3 percent at the close of last year.”

More information on the Financial District occupancy rates is available on the BBJ’s web site.

Related Commercial Real Estate
Financial District Office Space Listings

0 Local Eatery Expanding to the Financial District & Seaport

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original nebo restaurant in boston

Photo Credit: Neborestaurant.com

The famed local eatery, Nebo, is expanding to the Financial District/Seaport area with the addition of its second location at Boston Properties Atlantic Wharf location on Congress Street.

The BBJ reports that “the Italian sisters who launched nebo ­— North End Boston — on North Washington Street in Boston are opening a second location at Atlantic Wharf.”

Click through to read the full article on Nebo.

Related Commercial Real Estate Listings
Office Space for Lease in Boston Seaport District
Office Space in the Financial District, Boston

0 State Street, Channel Center to Add 33,000 Sq. Feet of Office Space

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State Street office space in bostonSince Commonwealth Ventures has secured State Street for Channel Center their next focus will retail and rental apartments to cap off their 13 year project.

A report in The Boston Herald notes that “the State Street office project may effectively cap off Channel Center, but the developer still has work to do to bring more residents and retailers into the Fort Point Channel complex…renovations will begin soon in two buildings to create 39 apartments, 33,000 square feet of office space and additional storefronts.”

More information is available in the Boston Herald’s coverage of the Channel Center.

Available Office Space Listings
Boston Commercial Real Estate

0 Catalina Marketing Opening Offices in Boston’s Seaport

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Commercial Real Estate in Boston's Seaport DistrictStrong job growth continues in the Seaport District.  Catalina will be triple its size when its move to 75,000 of space at 24 Farnsworth Street.  Market rents have shot up in the past 18 months with Class B pricing now just over $40 per square foot.

Boston.com is reporting that the “Florida-based technology company is moving to Boston’s Seaport District, where it intends to triple its number of employees over the next several years.”

For more information, jump over to Boston.com for the full report.

Related Real Estate Listings
Commercial Office Space in Boston Seaport District

0 Office Space in Boston’s Seaport, State Street in High Demand

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office space for lease in boston's seaport districtOne Channel Center has secured its $170 million construction loan to build State Street’s 500,000 square foot headquarters.  The Seaport continues to be a destination for companies both big and small with rents now firmly over the $40 asking price.

Dailyfinance.com reports that HFF “has arranged a $170 million construction loan for One Channel Center, a 500,000-square-foot office building currently under development by AREA Property Partners and Commonwealth Ventures in Boston’s Seaport District.”

For more on the transaction, continue on to dailyfinance.com’s full report.

Related Commercial Real Estate Listings
Seaport Office Space for Lease