0 WeWork Adds 600 Desks at South Station Co-working Space

south station co-working space at wework

Credit: Boston Business Journal

Temporary workspace provider’s continue to grow to address the demand from the entrepreneurial clientele at 745 Atlantic Street. This comes in addition to news that it will also be adding its first Cafe in Boston at the location.

From the BBJ:

Months after opening a co-working space near Boston’s South Station, WeWork is expanding due to increased demand from startup founders looking to rent workspace in the Boston area. The New York-based boutique office space firm opened its 90,000-square-foot location at 745 Atlantic Ave. near South Station in February and will now add about 600 new desks and 48,000 square feet to that location later this fall. WeWork also has a 50,000-square-foot location in the Seaport District.

0 Commercial Boom in Back Bay Lures Jamestown Properties

commercial real estate on newbury street in boston is reaching peak pricingThe Back Bay office and retail markets continue to push valuations to pre-recession pricing, while maintaining the lowest vacancy rate in both segments. Pricing for Class A upper floor tower space is up to $80 a square foot.

A New York Times editorial on the boom of back bay commercial real estate notes that “last fall, Jamestown Properties paid $226 million for a 130,000-square-foot portfolio spread over 28 buildings, mostly on Newbury Street…Jamestown bought in Boston’s Back Bay because the district had long been a sound property market, said Michael Phillips, chief operating officer at Jamestown. The current boom “is an added benefit,” he said.

More information on Jamestown Properties, continue reading the complete NY Times editorial.

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