The Financial District is no longer home to bankers, mutual fund managers and lawyers. The Financial District of today is home to a great cross section of newly funded and well established tech companies. Within our client base we are seeing customers looking for Red Line access for their employees along with space that is competitively priced. Office spaces within the Class B market can range from upper $20’s to low to mid $30’s.
The Boston Business Journal reports, “Cassidy Turley, which represents landlords in lease deals, found that the Financial District’s volume of available Class A space fell to 4.4 million square feet, or 18 percent of total square footage, at the end of June. That’s down 20 percent from a year ago or 4.9 million square feet. It also represents the lowest availability rate for any second quarter since 2008 just prior to Wall Street’s crash.”
To read the full BBJ article, continue on to the Boston Business Journal’s website.
Available Office Space
Commercial Space for lease in Boston Financial District