Find Your New Office in 3 Easy Steps:

1. Tell us what you're looking for below
2. A local licensed professional will show you options that meet your needs
3. Your local pro will help you negotiate the best deal -- all at NO COST to you!

What Kind of Office Space Do You Need?
Start here to get help finding Boston Office Space

* required Privacy Policy
What we can help you with...

We make sure you find the right Boston office space for your business at the lowest possible cost. No strings attached, we help you at no cost to you. It is a win/win.

Boston has some of the most expensive office space in the US. Making a decision to lease, rent of even purchase office space in Boston can have a significant effect on your bottom line. It is a decision that should be carefully made with as much market information as possible.

Boston is a very dynamic area for business. Next to the Silicon Valley, in the Bay area of San Francisco, it receives the most venture capital money of anywhere else in the country. Much of this can be attributed to the colleges and universities in the area. There are literately dozens, with Harvard being the most prestigious of the bunch. This leads to Boston having a very well educated workforce and a good resource for hiring new employees. High tech, financial services and tourism industries are very strong in the Boston area.

What is the best way to go about finding Boston office space? The biggest mistake many businesses make is trying to do it themselves. The office space alternatives in Boston are very diverse and have nuances that only a specialist who is in the market every day will grasp. Finding someone who is qualified, knows the market and it's players, and is ready, willing and able to assist you is easy. That is where we come in. We have been connecting business looking for office space with office tenant reps since 1995. We do a thorough job of verifying the reps we recommend.

To get started, all you need to do is complete the form at the top of this page and tell us a little about what you are looking for so that we can recommend the best rep to contact you. Once you complete the form, you will be contacted very quickly by the tenant rep who can help you. They will then do a thorough job of finding alternative that will fit what you want.

There is no cost for either our service or the service of the tenant reps we recommend. This is a FREE service to you. Our tenant reps share the fee with the listing agent the same way buyer brokers do in residential real estate. It is a no lose proposition for you and there is no obligation. Give us a try.

What You'll Find When You Look for Boston Office Space for Rent or Lease

Any company thinking of opening an office location in Boston needs to know what the leasing market is like. This will help determine which area of the city or its metropolitan area is best for the new offices, how much space will fit into the budget, and more. As with most cities, there are plenty of options to consider.

General Overview of Boston

It is also a good idea to know a bit about a city and its environs before you move in, so here is an overview to help you familiarize yourself with this area:

Boston, MA has surprisingly few people living within the city limits. Only about 685,000 residents call the actual city home. That said, this is not a small area at all. Over 4 million people live in the Greater Boston metropolitan area, including most of the region's wealthy professionals. Many of these people commute into the city to work and shop, so it is full of activity during business hours. The city has an extensive public transportation system, and many people use it rather than drive once they're inside its range of operation.

The age of Boston is a big draw for many people, and the city itself combines the old and new to keep its roots without ignoring the present. Many sports teams, museums, and other attractions provide local interest. Immigration from Europe, Africa, and Asia is making the city more cosmopolitan and providing workers with new perspectives. This is just one of the waves of immigration Boston has seen. It also got plenty of immigrants from Europe in 1830. 

During the middle of the last century, Boston struggled with the challenges of switching from being an industrial economy to one based on technology of all sorts. It is one of the brightest spots when it comes to making this transition. Thanks to state-sponsored urban renewal projects back then, combined with today's tech boom, it has become one of the most desirable real estate markets both for corporate space and residential housing.

Find Boston Office Space for Lease or Rent

Boston Executive Suites

Office Space in the heart of historic Boston
Boylston Street Center

Corner Office Space with Back Bay Views & Amenities Available
Park Plaza

Massachusetts Office Space in Boston
West Cummings Park

Incredible Office Space at Massachusetts
100 Cambridge Street

100 Cambridge Street Boston office space available now - zip 2114
101 Arch Street

101 Arch Street Boston office space available now - zip 02110
60 State Street

60 State StreetBoston office space available now - zip 02109
Alewife Station

Alewife Station Cambridge office space available now - zip 02140
Arlington Street

Arlington Street Boston office space available now - zip 02116
Faneuil Hall

Faneuil HallBoston office space available now - zip 02109

View All Listings »

Overview of the Boston Office Leasing Market

According to CBRE, Downtown Boston Office market showed a great gain in the second half of the 2018, at about 2 million sq. ft. of absorption year to date, marking it as the highest in the history. Due to rising tech sectors, active demands went up to 7 million sq. ft. 40% of the current tenant pool looking for space is with TAMI companies. Other notable deals are from the delivery of the two new buildings and several large lease. Deliveries are Wayfair expanded by 400,000 sf in the Black Bay, Burns and Levinson and Nixon Pea Body made to 100,00+ sq .ft., both were fully occupied by Boston Consulting Group, Cengage, Alexion and PTC upon delivery.

Vacancy went down by 50 basis points to 7.6%. Asking rent has reached $60.31 per sq. ft. gross which gave more than 5% increase.

Across Boston, a highly skilled workforce is drawing companies that need people who have specialized expertise. Alexion, a pharmaceutical company, and internet giant Amazon are excellent examples of the types of companies opening offices or branches here. Existing biotech companies and similar enterprises are also grabbing talented workers. Because of this high demand for specialized employees, it can be expected that wages will rise. That said, employment growth is surprisingly stable at a bit over 2.5 percent.

The financial sector is also doing great, and thousands of new jobs have been added in this industry. It now employs almost as many people as it did prior to the last recession. Health care is another bright light thanks to the high number of research hospitals in and around the city.

Strong start to the year for the Boston Office market”, this is how CBRE Marketview describes Boston 2019 market. Boston market shows strength, starting with State Street announcing its plan to transfer its headquarters to Bulfinch Crossing in a 510,000 SF deal, the biggest story of the quarter. Before this, a big deal happened too, WeWork announced that they will take 250,000 SF at the top of 1 Lincoln, this will be the largest office in Boston. They will be backfilling a major part of State Street’s current headquarters. Another highlight of the deals is the Wayfair with 300,000 SF in Back Bay from Liberty Mutual, UMass choosing Accordia as the selected developer for the Bayside Expo site. =

Asking rate continued to rise reaching $62.24 per sq. ft. Class B rent had a very significant increase from the last quarter of 2019 at $51.52 to $54.31 per sq ft. Premium spaces have been seen citing over $100.00 per sq. ft., particularly in core assets in the Back Bay

The availability rate went up too to 13.4 % partly connecting it to forecasted projects under construction that are now open for leasing. 

It was in deed a great start for 2019 in The Downtown Boston Office market, with over 500,000 sq. ft. of positive absorption. All three of the major downtown markets—CBD, Back Bay and Seaport—saw positive absorption in excess of 100,000 sq. ft.

Outlook:

Coworking and flexible office providers have changed the way users think about space. Tenants prefers shorter lease terms so landlords must adapt by revising their underwriting to cater more rapid turnover.

According to economists, they are projecting 2019 to still grow, allowing the current economic cycle. Collier expressed that, the yield curve (the difference between rates on 10-year and 3-month Treasuries) has inverted for the first time since 2007, historically a leading indicator of a recession 12-18 months into the future. Locally, with numerous major tenants no longer seeking space, development picking up, stalled Class B absorption, and a rent topping the psychological barrier of $100/SF, we are at or close to the top of this cycle.

Boston Submarkets of Interest

Cambridge.  Vacancies still decreasing in Cambridge at the start of the year, as effort remains strong. Numbers of companies looking for large-scale requirements are closing and signing deals, which will increase velocity and validate decisions by developers willing to build on spec. Overall, vacancy rate is at 7.2%.

Back BayAsking rent in Back Bay significantly increased in the first quarter of 2019. The recovery of this submarket seen in recent quarters. Overall rents went up from $65.51 per sq. ft. in Q4 2018 to $69.05 per sq. ft. in the first quarter. Class A rents alone saw an even larger increase: from $69.80 per sq. ft. in Q4, to $74.08 per sq. ft. in Q1.  The vacancy dropped in Q1 2019, from 6.3% to 5.7%. Back bay had a good absorption rate this quarter as well at 191,000 sq. ft.

Seaport. This submarket started the year with the positive absorption with 145,000 sq. ft. Dominant leasing activity came from TAMI Tenants. Average asking rate has increased from $64.30 per sq. ft. by last quarter of 2018 to, 66.55 per sq. ft in the first quarter of 2019. Availability went down in Q1 this year, falling from 15.0% to 13.8%. Contrary, vacancy increased from 6.9% to 10.2% when 601 congress Street went dark following Manulife’ official consolidation to the back bay

Predictions

Real estate analysts have been worried about a cooldown in the Boston area market, but so far, it isn't coming. Current predictions are for Cambridge and Back Bay to remain in extreme demand and to have the rents to match. However, some stabilization is expected in many other submarkets, and the practice of offering big tenant improvement allowances is expected to increase. Savills Studley makes a point of noting that rents and amenities can vary greatly from one building to the next in the Boston area, so it's a good idea to check several before signing a deal.

The ongoing retention of college graduates, wage increases, and the continued influx of newcomers who need to hire local employees is expected to keep demand strong over time. Since many of the companies coming here sell their products nationally or worldwide, changes in local demand for these products shouldn't have a big effect on corporate viability or the demand for either space or workers.

Effective rents, on closed deals are being projected to rise monthly. This most possible in the Seaport where triple net (NNN) leases are quickly becoming the norm and yearly rent increase of $1 per square foot have been replaced by 3% annual increases.

If you're looking for office, lab, or R&D space in Boston or its metropolitan area, just contact us. We're leasing experts who will make your search for your new location easier. We will find you the best prices for the type and quality of space you need while eliminating hassles from the experience.

Useful Statistics for businesses looking for office space in Boston
  Boston MA State
2016 Estimated Population 658,279 6,742,143
Median Age 31.7 39.4
Housing Units 281,417 2,836,658
Occupied 259,324 2,558,889
Owned 89,882 1,588,743
Rented 169,442 970,146
Average Household Size 2.35 2.54
Rental Vacancy Rate 3.1% 4.1%
Homeowner Vacancy Rate 1.2% 1.1%
Median Home Value $423,200 $341,000
Median Monthly Rental Cost $1,369 $1,129
Estimated Mean Income $101,909 $116,766
Median Household Income $58,516 $70,954
Percent of Individuals below poverty level 21.1% 11.4%
Educational Attainment: Percent high school graduate or higher 85.7% 90.1%
Educational Attainment: Percent high school graduate 21.3% 25.1%
Educational Attainment: Percent with some College 13.4% 16%
Educational Attainment: Percent bachelor degree or higher 46.4% 41.2%
Average Commute time in minutes 30.3 29
Commute 347,608 3,399,796
Commute by car, truck or other vehicle - Drive Alone 135,149 2,418,342
Commute by car, truck or other vehicle - Carpool 20,811 255,853
Use Public Transportation 116,723 338,273
Work from Home 11,659 158,396
Tenant Rep Search
for Boston


view all

Executive Suites Search
for Boston


view all

About their OfficeFinder Experience

"Our OfficeFinder rep did an fantastic job she was extremely knowledgeable in her field and was a tremendous asset in finding a great space. I don't know if we could have done it without her."

"Our OfficeFinder rep was an excellent agent for us. He truly understood our needs and worked on our behalf. As a small organization with little experience in this area it was critical that we had an agent we could trust and rely upon. He was perfect for us. I would highly recommend him to anyone."



OfficeFinder Reviews