A broker for the firm says his company is confident 61 No. Beacon St. will lease quickly, especially because a tenant can begin moving in as early as November. The Hub's record low office vacancy rate has companies scrambling to find adequate quarters, particularly local high-tech firms that often find their space needs growing exponentially.

The New Balance property has many attributes welcomed by new age technology companies, according to C&W, including high ceilings, oversized windows and a brick-and-beam interior. "It's very desirable space," says the broker, noting the property is located less than two miles from Downtown Boston. New Balance will move into its 120,000-sf headquarters during the fourth quarter.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.