Location, Location and Location. The largest concentration of office space north of NYC is Boston’s Financial District and including in its size is easy access by commuter rail, T, Boat, bus and yes, car.
The tech audience seems most attracted to the proximity to the Red Line; with quick access to E. Cambridge and Kendall Square, and prices that are 10% – 20% less in comparable asset classes, the market’s appeal is strong.
According to the BBJ, “In the city’s post-recession economy, more than 2.1 million square feet of professional services, law firms and consultancies have vacated the traditional downtown neighborhood for a spiffier Innovation District address. But at the same time, some 1.8 million square feet of technology, advertising, media and information-based companies — also known as TAMI tenants — have flooded into downtown and the area around North Station.”
Additional information is available on the Boston Business Journal’s website, here.
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Boston financial District office space for lease