Tag Archives: Class B

0 Boston Office Market Shifts to the Financial District

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Office at 100 summer st in Boston's financial districtThe Downtown Boston Office Market continues to be strong as firms seek better value options than the high-priced Seaport or Back Bay submarkets. Pricing in the Class B market is still in the low-to-mid $30’s PSF downtown, while the Seaport has pushed into the low to mid $40’s.

B&T recently reported that “the popularity of the Seaport and Back Bay, where office building vacancy rates have been at historical lows in recent months, has been a boon to the city’s traditionally staid, button-down financial center, where younger and tech-related firms have opened up shop.”

Additional information is available on the Banker & Tradesman website.

0 Construction to begin on Filene’s tower and New Balance HQ

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Rendering of the proposed New Balance HQ in Downtown Crossing Boston

Credit: Boston Business Journal

Downtown Crossing is set to host the groundbreaking ceremony for the Filene’s Tower. This area of the Financial District has seen a large influx of Class B tenants over the 1st of ’13 that has driven pricing up to the low $30’s PSF within that segment.

“Plans for the $615 million Millennium Tower and adjacent Burnham building, the original Filene’s store, include 600 condominiums and apartments, up to 218,000 square feet of office space and 231,000 square feet of retail,” a Boston Business Journal report states.

The full BBJ article is available on its website: Construction set for Filene’s in Downtown Crossing.

0 Catalina Marketing Opening Offices in Boston’s Seaport

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Commercial Real Estate in Boston's Seaport DistrictStrong job growth continues in the Seaport District.  Catalina will be triple its size when its move to 75,000 of space at 24 Farnsworth Street.  Market rents have shot up in the past 18 months with Class B pricing now just over $40 per square foot.

Boston.com is reporting that the “Florida-based technology company is moving to Boston’s Seaport District, where it intends to triple its number of employees over the next several years.”

For more information, jump over to Boston.com for the full report.

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Commercial Office Space in Boston Seaport District