0 Leasing Office Space in Boston: Do you start with Google?

RE_Tech logoYour business is growing and you’ve just secured your second round of funding; how do you search for your new office?  Do you rely on a market expert or do you prefer to go at it alone?

A recent survey from RE:Tech › Insight notes “more than one-forth (25 percent) of early stage tech startups search commercial real estate broker.  When beginning their online search, 90 percent of tech startups directly search for office space online without a broker in mind…the survey found that three quarters (75 percent) of tech startups don’t search for commercial real estate brokers.”

0 Notable Tenants Looking for Office Space in Boston

What large office tenants in the city of Boston are looking for a new home? Biznow offers its take on the top tenants looking for space in 2015 in the Boston office market. Included in their list are the following:

Office space in post office square Boston

Credit: Bisnow

 

  • Putnam Investments (One Post Office Square)
  • BNY Mellon (One Boston Place)
  • Wells Fargo (Two International Place)
  • Digitas (33 Arch St.)
  • Houghton Mifflin (222 Berkeley /500 Boylston St in Back Bay)
  • PwC (125 High St.)
  • Goodwin Procter (53 State St.)
  • State Street (Hancock Tower)

 

0 Boston Office Rents Among Country’s Most Expensive

Boston Rents continue its upward push with four office markets leading that charge: Back Bay, East Cambridge, Financial District and Seaport.  The Class A market within Back Bay is clearly leading the way, while some value still exists within the Class B market.  A real driver in the increased rents is the cost of tenant improvement dollars going from shell space to fix up space.  Not uncommon to see those numbers north of $75 per square foot.

office market in Boston

Credit: Boston Business Journal

According to the BBJ, “the Back Bay’s average rents hovered over $60 last year [while]…Midtown New York commanded about $130 per square foot, and both San Francisco and Washington rents topped $75 per square foot.”

You can read the full article on the Boston Business Journal.