0 Globe Photographer Captures Evolution of Boston Waterfront, Seaport

121 Seaport development

Credit: Boston Globe

The evolution of a Seaport submarket through the lens of Boston Globe photographer David L. Ryan from 1982 to present.

According to the Boston Globe, “more than $1.5 billion worth of apartments, condos, storefronts, and office space is under construction in the Seaport right now, all within the span of a few blocks. Another $850 million in projects is set to break ground soon.”

Click over to view a the evolution of the Boston Seaport as captured by the Boston Globe.

0 Boston Class A Office Space with at Least 50k Sq. Ft. Draws Interest

101 seaport blvd boston

Credit: Skanska

According to CoStar there are 20 Class A properties that can offer 50,000 square feet or more of contiguous office space in the Seaport, Back Bay or the Financial District (see full chart below).

From the Boston Globe:

Despite Boston’s development boom, big chunks of office space are scarce right now. As of Oct. 1, there were 17 tenants looking for 50,000 square feet or more of top-end office space in downtown Boston, according to real estate firm JLL, and just 11 blocks big enough to house them. That means buildings with room are drawing interest.

Three would-be tenants have proposed leasing all 180,000 square feet that Boston Properties has at 120 St. James, in the base of the old John Hancock Tower, president Douglas Linde told analysts recently. The space PWC left behind for the Seaport, at 125 High Street, also went quick. And Goodwin Procter’s soon-to-be-former home at 53 State has seen strong interest.

One addition to that list may soon be Skanska, offering “brand-new space with all the bells and whistles.”

Building Address Building Name Submarket Name Max Building Contiguous Space
200 Berkeley St Berkeley Bldg Back Bay                                    50,266
501 Boylston St Back Bay                                    62,644
200 Clarendon St John Hancock Tower Back Bay                                  121,989
2 Copley Pl Tower 2 Back Bay                                  122,606
101 Huntington Ave Back Bay                                    60,858
111 Huntington Ave Back Bay                                    70,191
31 Saint James Ave Park Square Bldg Back Bay                                    91,000
1 Beacon St One Beacon Financial District                                  105,786
1 Federal St One Federal Street Financial District                                    55,038
101 Federal St 101 Federal Street Financial District                                    69,873
160 Federal St Landmark Financial District                                    54,221
One Financial Ctr One Financial Center Financial District                                    59,106
125 High St High Street Tower Financial District                                    78,034
50 Milk St Financial District                                    39,644
50 Post Office Sq Financial District                                  117,200
53 State St Exchange Place Financial District                                  382,332
60 State St Financial District                                    57,897
100 Summer St Financial District                                  115,402
40 Water St Congress Square Financial District                                  363,834
101 Seaport Blvd PricewaterhouseCoopers Seaport                                    77,646

 

0 Office Tower Planned at 121 Seaport

seaport office space at 300 A Street

300 A Street office space in Boston Seaport

One of the next major projects to come out of the ground in the Seaport looks to be from developer Skanska.  As office rents continue upward, what tenant will make the migration from E. Cambridge to the Seaport?

From Banker & Tradesman:

“As it finalizes cost estimates for 121 Seaport in Boston, developer Skanska USA is positioning the 425,000-square-foot tower as a rival to Cambridge’s Kendall Square among tech companies looking for build-to-suit sites….Shawn Hurley, executive vice president of Skanska USA Development, said 121 Seaport has a shot at attracting the neighborhood’s next big lab tenant. Vertex Pharmaceuticals was the first major life science company to commit to the South Boston waterfront, moving from Cambridge to a 1.1-million-square-foot headquarters on the Fan Pier in January 2014.”

Related Property Listings
Available office space in Boston Seaport