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Commercial Real Estate in Boston, MA - 463 Properties Available

  • 53 State Street - Boston
    53 State Street, Downtown - Financial District, Boston, MA 02109
    For Lease $44.5/Sqft/Year
    Property
    • Office
    Availability
    • 16 Spaces
    • 169,051 Sqft
  • 28 State Street - Boston
    28 State Street, Downtown - Financial District, Boston, MA 02109
    Contact for pricing
    Property
    • Office
    Availability
    • 9 Spaces
    • 106,602 Sqft
  • Fiduciary Trust Building - Boston
    175 Federal Street, Downtown - Financial District, Boston, MA 02110
    For Lease $58 - $71/Sqft/Year
    Property
    • Office
    Availability
    • 10 Spaces
    • 85,817 Sqft
  • One Bulfinch Place - Boston
    30 Hawkins Street, Downtown - Financial District, Boston, MA 02114
    For Lease $41/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 80,000 Sqft
  • Raymond L. Flynn Marine Park - 645 Summer Street - Boston
    645 Summer Street, South Boston, Boston, MA 02210
    For Lease $40/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 75,000 Sqft
  • 100 Cambridge Street - Boston
    100 Cambridge Street, Beacon Hill, Boston, MA 02114
    Contact for pricing
    Property
    • Office
    Availability
    • 3 Spaces
    • 68,302 Sqft
  • 111 Devonshire Street - Boston
    111 Devonshire Street, Downtown - Financial District, Boston, MA 02109
    For Lease $45/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 35,597 Sqft
  • 70 Franklin Street - Boston
    70 Franklin Street, Downtown - Financial District, Boston, MA 02110
    Contact for pricing
    Property
    • Office
    Availability
    • 3 Spaces
    • 33,222 Sqft
  • 75 Kneeland Street - Boston
    75 Kneeland Street, Chinatown - Leather District, Boston, MA 02111
    For Lease $45/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 32,000 Sqft
  • 75 State Street - Boston
    75 State Street, Downtown - Financial District, Boston, MA 02109
    Contact for pricing
    Property
    • Office
    Availability
    • 3 Spaces
    • 30,843 Sqft
  • 855 Boylston Street - Boston
    855 Boylston Street, Back Bay, Boston, MA 02116
    For Lease $47 - $57/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 28,266 Sqft
  • Old South Building - Boston
    294 Washington Street, Downtown - Financial District, Boston, MA 02109
    For Lease $55/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 24,050 Sqft
  • 55 Thomson Place - Boston
    55 Thomson Place, South Boston, Boston, MA 02210
    For Lease $53/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 21,127 Sqft
  • The Bedford Building - Boston
    99 Bedford Street, Downtown - Financial District, Boston, MA 02111
    For Lease $40 - $58/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 18,648 Sqft
  • 186 Lincoln Street - Boston
    186 Lincoln Street, Chinatown - Leather District, Boston, MA 02111
    For Lease $50 - $52/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 16,407 Sqft
  • 11 Beacon Street - Boston
    11 Beacon Street, Beacon Hill, Boston, MA 02108
    For Lease $30 - $48/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 12,785 Sqft
  • Marshall Building - Boston
    15 Broad Street, Downtown - Financial District, Boston, MA 02109
    Contact for pricing
    Property
    • Office
    Availability
    • 5 Spaces
    • 12,242 Sqft
  • 116 Huntington Avenue - Boston
    116 Huntington Avenue, Back Bay, Boston, MA 02116
    For Lease $67/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 9,682 Sqft
  • 33-41 West Street - Boston
    33 West Street, Downtown - Financial District, Boston, MA 02111
    For Lease $35 - $39/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 3,588 Sqft
  • 20 Custom House Street - Boston
    54 Broad Street, Downtown - Financial District, Boston, MA 02109
    For Lease $54/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,556 Sqft
  • 24-28 Damrell Street - South Boston
    24-28 Damrell Street, South Boston, MA 02127
    For Lease $22 - $26/Sqft/Year
    Property
    • Industrial
    Availability
    • 11 Spaces
    • 94,173 Sqft
  • The Landmark - Boston
    160 Federal Street, Downtown - Financial District, Boston, MA 02110
    For Lease $42 - $51/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 55,136 Sqft
  • 51 Sleeper Street - Boston
    51 Sleeper Street, South Boston, Boston, MA 02210
    Contact for pricing
    Property
    • Office
    Availability
    • 2 Spaces
    • 40,208 Sqft
  • 99 Chauncy Street - Boston
    99 Chauncy Street, Downtown - Financial District, Boston, MA 02111
    For Lease $28 - $43/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 37,555 Sqft
  • The Wakefield Building - Boston
    90 Canal Street, West End Boston, Boston, MA 02114
    For Lease $48 - $59/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 35,726 Sqft

Boston, MA Economic Overview

Location Photo

The city of Boston is the capital of Massachusetts and is located in the eastern part of the state, with direct access to the Atlantic Ocean. Boston proper has a population of over 670,000. Add to this the population of the Greater Boston MSA and the total is nearly 5 million residents, making Greater Boston the 10th-largest MSA in the U.S. As one of the oldest cities in the United States, the region has developed an amazing depth in business growth and economic diversity, making the Boston commercial real estate market one of the most attractive in the world.

The Greater Boston metropolitan business area has ties to all parts of the globe and is counted among the top 30 economically powerful regions in the world. With an annual gross metropolitan product of over $363 billion, it is the 12th-largest economy in the world and the sixth largest in the U.S. The top economic segments in Boston include professional and business services, trade and transportation, financial services, and manufacturing. Among the top four are educational and health services, which, in turn, attract a massive amount of venture capital and high-tech industry to the Greater Boston area.

Boston, MA Commercial Real Estate Market

As the economic hub of New England, Boston attracts a highly educated work force, along with business and commercial real estate investment from around the world. Healthcare and education, finance, professional and business services, and trade and transportation collectively account for nearly 60% of Boston's economy.

The Boston office market encompasses over 210 million square feet, with the highest concentration of space in the Back Bay, Financial District, Seaport and Cambridge submarkets, as well as the industrial and high-tech business corridors of Routes 128 & 495. Millions of square feet of additional office space are in the planning stages or under development, with demand driven by financial, business, legal service and high-tech tenants. The neighborhoods of East Boston, South Boston, and Charlestown offer office space for different types of tenants.

With nearly as much retail space in Boston as there is office space, demand for retail continues to be extremely strong, registering vacancy rates of just over 3%, positive net absorption, increasing rental rates and an additional 2.7 million square feet currently in the pipeline. Much of the Boston retail market is focused on high-end product, with the submarkets of Back Bay, Framingham/Natick, Burlington/Woburn and Route 1 South currently seeing the most interest from both tenants and investors.

The Greater Boston industrial market includes over 148 million square feet of space that is most concentrated along Routes 495 North & South and Route 128 South. Vacancies, net absorption and rents are all on the rise, with much of the demand for industrial space in Boston being driven by the high-tech manufacturing industry. In 2016, rental rates for industrial space in the Greater Boston region rose by nearly 8%. High land values and strict environmental controls will likely result in an increasingly tighter market in future years, presenting a strong opportunity for industrial investment in Boston.

Boston, MA Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Boston, MA Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Boston, MA Commercial Inventory Breakdown

Office Spaces

Total: 103,831,410 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 7,511,829 SF / 7.23% of total office
  • 100k to 500k SF: 41,691,177 SF / 40.15% of total office
  • 500k to 1M SF: 32,875,668 SF / 31.66% of total office
  • > 1M SF: 21,752,736 SF / 20.95% of total office

By class:

  • Class A+: 20,070,049 SF / 19.33% of total office
  • Class A: 43,763,940 SF / 42.15% of total office
  • Class B: 21,758,802 SF / 20.96% of total office
  • Class C: 75,800 SF / 0.07% of total office

Industrial

Total: 5,216,666 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 3,566,666 SF / 68.37% of total industrial
  • > 1M SF: 1,650,000 SF / 31.63% of total industrial

By class:

  • Class A: 730,000 SF / 13.99% of total industrial
  • Class B: 3,642,602 SF / 69.83% of total industrial
  • Class C: 162,004 SF / 3.11% of total industrial

Employment in Boston, MA

Employment

In addition to contributing over $4.8 billion to the economy annually, Boston's colleges and universities also contribute by attracting venture capital and high-technology businesses. Tourism also plays a major role, with 21 million national and international visitors adding over $8 billion to the economy every year. Financial service businesses such as Fidelity Investments, Santander Bank and State Street Corporation call Boston home.

In addition to high-tech, education, business and professional services, Boston has an increasing number of printing, publishing and manufacturing business headquarters such as Pearson PLC, Beacon Press, Houghton Mifflin Harcourt, as well as Converse, New Balance and Reebok.

The largest employers in Greater Boston include Partners HealthCare, the University of Massachusetts, Harvard University, Stop & Shop supermarkets, Steward Health Care System, Massachusetts General Hospital, Comcast, VA Boston Healthcare System, Hebrew SeniorLife and Tufts Health Plan. Top biotech and life sciences employers include Biogen Idec and Genzyme, and major financial services employers include John Hancock, Liberty Mutual, Arbella Mutual Insurance, Wellington Management, Bank of America and Brown Brothers Harriman.

Greater Boston's diverse, growing economy and educated workforce continue to attract both national and global institutional investors and will drive the demand for retail, office and industrial space in Boston for years to come.

Education in Boston, MA

When discussing higher education in Boston it's hard to know where to begin. Three of the most renowned universities in the world - Harvard, MIT and Tufts, are located in Greater Boston. The real estate submarket of Cambridge is nicknamed 'The Brainpower Triangle' and has seven of the highest-rated research activity universities, as classified by Carnegie, with the highest concentration of educational and research institutions, compared to any other area of the U.S. Hospitals, universities and research centers collectively received nearly $1.8 billion in grants from the National Institute of Health, more than any other metropolitan area.

Boston's Public School system has 57,000 students enrolled in its 145 primary, middle and secondary schools. As for Boston's higher education, the public schools also excel, with the Boston Latin Academy, Boston Latin School and John D. O'Bryant School of Math & Science being a few of the better known.

Commuting Time in Boston, MA

While Greater Boston is known as a center of global commerce, academia and cutting-edge biotechnology, the city is also recognized as having one of the top 3 worst commute times in the country and for having the worst traffic and most terrible drivers - at least according to the locals. On the bright side:

  • Boston has the fifth-highest use of public transit in the U.S., with over 33% of commuters utilizing mass transit to and from work.
  • Boston ranks as the third-most walkable city in the nation, with 13% of the workforce proud to be pedestrian commuters, and the city also has one of the highest rates of bicycle commuters in the nation.
  • The streets in downtown Boston do not follow a grid pattern, having developed 'organically' over the years, so commuting by surface streets leaves much to be desired.
  • Logan Airport is Boston's primary airport, joined by three general aviation airports to the north, west and south of Boston proper.

Boston Demographics

Population

  • Total Population669,158
  • Male Population(48.1 %) 321,703
  • Female Population(51.9 %) 347,455
  • Median Age32.00

Income/Financial

  • Average Household Income$95,114
  • Median Household Income$62,021
  • Median Income Under 25$29,856
  • Median Income 25-44$78,993
  • Median Income 45-64$67,253
  • Median Income Over 65$29,276

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Boston, MA. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 3556 square feet and 169051 square feet. Discover the right property from our 463 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.