5 Office Buildings for Sale in Boston, MA

Office sales volume across the top 50 totaled $26.3 billion, with transactions in the Northeast contributing roughly $12 billion and deals for assets located in the West adding $9.31 billion. More precisely, last year’s priciest office deal was the $3.4 billion sale of University Park at MIT in Cambridge, Mass. — a massive, 11-building deal totaling nearly 2.3 million square feet.

December vacancy rates also stagnated at the national level, settling at 15.5% (an increase of 130 basis points Y-o-Y) and leveling out after some volatility in 2021. In particular, Boston office space had the lowest vacancy rate in the country at 10.3%, followed by Miami at 12.5% and Los Angeles office space at 13.2%.

Commercial real estate services group Newmark recently announced that it had completed the sale of eight premier office campus assets in Andover, Mass., for a total of $341 million. The properties are located within Minuteman Park, a highly amenitized development that is conveniently located directly off Interstate 93, five miles south of the New Hampshire border and 25 miles north of Boston

The former Fidelity Investment headquarters office building located at 40 Water St. in downtown Boston is the subject of a new equity and debt capital arrangement.The building at the corner of Water Street and Congress was recently redeveloped, bringing it to a total of 371,996 square feet of Class A Boston office space.