From Thearin Than
Senior Research Analyst
Formerly known as the hub of financial and professional business services, the Financial District continues to attract large technology, advertising, media and information companies (TAMI) to prominent Class A buildings.
The Financial District not only provides access to all major transportation hubs, but also enjoys growing numbers of retail amenities and residential buildings. It has gradually transformed itself into a true live-work-play neighborhood. In addition, companies from both high-tech and professional business services seek to locate their offices in urban settings to attract and retain a young workforce.
While there remains demand for brick and beam buildings across the Boston CBD, the shrinking availability in Class B space, notably in the Seaport District, has prompted tech companies to look elsewhere and become creative with their space configurations. Low-rise floors in Class A buildings in the Financial District have become a solution.
High ceilings and large floor plates offer companies opportunities to design their own spaces, conforming to their corporate identities and cultures. One recent example is Acquia. The software company plans to relocate from Burlington. Soon they will double their office size to 73,000 square feet at 53 State Street. Other examples include Sonos and Carbonite at LCC, and eBay at One International Place.