0 Tech Companies Continue to Migrate to Boston Financial District

100 summer street in Boston

Office tower at 100 Summer St. in Boston’s Financial District

Why are tech tenants looking at the Financial District?  Value, access and availability.  Currently the Financial District is the only submarket that has it all.  Rents within the Class B segment can still be achieved in the mid to upper $30’s PSF while comparable spaces in Back Bay would trade in the mid to upper $40’s PSF.

A Banker & Tradesman article explains the attraction of the Financial District, quoting Ben Heller, a managing director at Jones Lang LaSalle:

“Tenants increasingly view the Innovation District, Fort Point Channel and Financial District interchangeably when scouting office locations…the infill of residential and destination retail is really making an impact on office space there.”

Follow the link to view Boston Financial District office space for lease

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