Tag Archives: New Innovation District

0 Boston’s Next Innovation District? Four Neighborhoods Marked as Candidates

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East Boston Waterfront real estate

Credit: Boston.com

Where will the innovation district go next to accommodate tomorrow’s new technology startups?  One of the key components is access and infrastructure; if you can’t get there without a car, it’s not going to be viable.

According to the BBJ, “a task force created by Boston Mayor Martin J. Walsh has been focusing on how to replicate the success of the Innovation District in other parts of the city…the group officially recommended the city focus those efforts on the following four neighborhoods: Dorchester’s Fields Corner, East Boston, Dudley Square in Roxbury to Uphams Corner in Dorchester, Bowdoin-Geneva neighborhood in Dorchester.

More information on the administration’s plan for the new innovation district are available on the Boston Business Journal’s website.

0 Boston’s Newest “Innovation District” Emerging in Downtown Crossing

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office space for lease on Arch Street in Boston

33 Arch Street, Boston

Why are Tech and E-Commerce companies moving to Downtown Crossing?

  • Value – This seems easy, but a low to mid $30’s rent is still achievable within the Class B portfolio of options
  • Location – The neighborhood includes Class A office Towers, the new Millennium Place Condo’s, grocery store
  • Amenities – Live, Work, Play
  • Transportation – This area sits above the Red, Orange and Green Line and is a short walk to the Blue Line at State Street

From BostonSF.com:

“According to a new commercial real estate market report released by Cresa, Downtown Boston is still considered one of the country’s most dynamic office markets. As traditional industries, such as banking and financial institutions, in the Financial District continue to downsize and consolidate, large blocks of inventory are becoming available to tenants. And as technology and e-commerce companies continue to populate Downtown Crossing, the area is becoming Boston’s new ‘Innovation District.'”