As New Balance Shoe Co. prepares to skip up the street to a new headquarters, Cushman & Wakefield has begun marketing the company’s longtime base in Boston’s Allston neighborhood. While not located in a traditional office market, C&W is peddling the five-story, 70,000-sf property at $29 per sf.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.