100 high street in Boston

Credit: B&T

The recent trades on the Class A and B will provide the fuel for increased rent growth for 2015 as new owners justify their investment.  Rent concessions and tenant improvement dollars will move the opposite direction.

“Rents in Boston’s Downtown Crossing have risen from $25 to $35 per square foot in the last two years, with growing demand from tech tenants…for tenants looking for pockets of value, good deals remain in the low-rise floors of Financial District buildings, where vacancies remain in the mid-teens and rents average in the low $40 range,” according to a quote from Joseph Sciolla, managing principal at CresaPartners Boston on Banker&Tradesman.

You can read the full article on the B&T website.