Your office rents in Boston are directly impacted by the distance to the nearest MBTA stop. Simply put, expect to pay more the closer you are.
Banker and Tradesman notes, “despite the departure of several large office tenants for the Financial District and Seaport, Back Bay still has Boston’s highest-priced office space. Buildings within a 5-minute walk of Hynes Convention Center station on the Green Line average $66.69 per square foot, partly reflecting the completion of Boston Properties’ 888 Boylston tower anchored by Natixis Global Asset Management.
You can read additional analysis on the impact of the MBTA on Boston office prices on B&T.
Looking for new ways to get to Back Bay? Massport believes that their new shuttle from Logan to Back Bay will provide an alternative to the T or Taxi service.
Details on the shuttle from Baker & Tradesman:
“The Back Bay Logan Express service started Monday and will run every 20 minutes from the airport to Hynes Convention Center and Copley station on the MBTA’s Green Line, Massport announced today. The 42-foot bus will stop at all Logan terminals on the departure level and pick up passengers on the arrival levels…The service will run from 5 a.m. to 9 p.m. from Back Bay and 6 a.m. to 10 p.m. from Logan, and cost $5, payable with a debit or credit card, or free for riders with an MBTA pass. Massport estimates ridership at 1,400 passengers a day.”
The full article is available on the B&T website.