0 Declining Vacancy Rate and Abundant Renovations Mark Active Financial District

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.

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0 Post Office Square Renovations Continue

Office space on Franklin street in boston is near the renovations in Post Office SquareWhat’s changing in Post Office Square?  The $40 million renovation of the former Verizon building at 185 Franklin Street which is a joint venture between Commonwealth Ventures and Kennedy associates.

A report in the Boston Business Journal confirmed the news, stating that “a$40 million renovation is set to begin on the former Verizon building at 185 Franklin St. in Boston’s Financial District.”

More information is available at the BBJ website.

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