Over the 2nd quarter of 2014 the greater Boston office tenant gobbled up 25,555 RSF per day. Not just week days, but weekends included, which dropped our vacancy to 16.3 percent. What does that mean in building size? 2 Prudential Towers of activity.
From BostonSF.com:
“The amount of capital looking to be deployed in the Greater Boston market is abundant and aggregate sales volume is on pace to be the highest level since 2007.”
Photo Credit: Boston Business Journal
Will Back Bay be home to another Boston Properties skyscraper? The location would be atop the John Hancock garage at Back Bay Station.
A report in the Boston Business Journal describes the proposal, “Boston Properties, owner of the John Hancock and Prudential towers, is floating a proposal for a skyscraper to be built on air rights atop its garage near Back Bay Station…a conceptual idea for a building could include office space and other mixed-uses above the parking garage at the corner of Stuart and Dartmouth streets.”
Related Commercial Real Estate
Back Bay Office Space for Rent