Photo Credit: The Boston Globe
Interior of Clio restaurant, which ranks fifth on Zagat’s list
Looking for a dining experience that you won’t soon forget? Our city is home to some wonderful eateries on all extremes; from food trucks to French infusion.
Zagat’s list of the top five restaurants in Boston for business dinners is sure to impress and leave its mark on your plastic.
Jump over to the Boston Business Journal to view the list of restaurants
Amazon is on the move in Massachusetts; first, they agreed to collect Massachusetts sales tax from local customers which they have resisted for years, then they expanded their footprint in East Cambridge/Kendall Square.
An article in the Boston Globe notes, “the online retailing giant is leasing 105,000 square feet on several floors at 101 Main St., at the foot of the Longfellow Bridge, according to a person briefed on the deal. The company has already posted more than 30 local openings for software engineers and other tech professionals, another clear signal Amazon is speeding up efforts to establish a large presence in Massachusetts’ technology community.”
Continue reading the Boston Globe’s article on Amazon’s recent lease, or view available office space in Kendall Square.
Credit: Walgreens
How times have changed in our neighbor drugstore; from a soda fountains to sushi.
The Boston Business Journal reports, “contractors are at work restoring a portion of the building that once housed the bookstore and the historic Boston Five Cents Savings Bank. The new space in the former bank will feature marble and limestone walls, dark wood paneling and a porcelain floor. The store is one of three such Walgreens stores in the country. The others are in New York and in Chicago.”
For more information, click through to the BBJ’s article.
Tenants continue to migrate downtown from neighboring submarkets as well as the suburbs. Downtown rents offer a great value combined with a strong talent pool and great area amenities. Employers are finding that a Boston address has become what today’s prospective employee values when seeking out job opportunities.
Available Downtown Office Space
Boston Commercial Real Estate Listings
If history is any clue into the future, it would be safe to assume that MassDOT is on the development prevention team. Many of these projects, such as this, provide a necessary “Bridge” between two neighborhoods of our city. For example, the suppression of the Central Artery and the creating of the Greenway links the North End and Waterfront with the Financial District.
Tenants continue to migrate from the very tight East Cambridge office market to Boston. Among the latest companies to move from Cambridge to Boston’s Seaport district is Zipcar.
Zipcar’s new office space will be in the Fort Point neighborhood of South Boston, at at 35 Thomson Place
The Financial District is not emptying out, but rather attracting tenants. The market is strong and with the lack of demand of available options in neighboring markets the Financial District is poised to see an influx of new companies.
Despite an article on the Boston Business Journal posing the question, “is Boston’s Financial District emptying out”, we continue to see evidence to the contrary.
Vacant Office Space Listings
Boston Financial District
Famed burger chain, Five Guys, resonates with Northeastern students. A second ‘better-burger’ location is set to open near the Northeastern University campus, at 263-289 Huntington Ave.
The burger never seems to get old. Particularly for college students.
Did you know the following facts about Five Guys:
• There are over 250,000 possible ways to order a burger at Five Guys.
• They use only fresh ground beef.
• There are no freezers in Five Guys locations, just coolers. Nothing is ever frozen.
• The use only Peanut oil.
• Their menu is trans-fat free.
• 1986: The first Five Guys location opens in Arlington, VA.
• 1986 – 2001: Five Guys opens five locations around the DC metro-area and perfected their business of making burgers… and starts to build a cult-like following.
• 2002: Five Guys decides DC metro-area residents shouldn’t be the only ones to experience their burgers and start to franchise in Virginia and Maryland.
• 2003: Five Guys sells out of franchise territory within 18 months and starts to open the rest of the country for franchise rights.
• 2003 – Present: Five Guys expands to over 1,000 locations in 47 states and 6 Canadian provinces.”
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
DivcoWest 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.