Insurance Exchange Building 40 Broad St

Located in the center of the historic City of Boston, the Financial District is the metropolitan area’s largest office node. The Financial District features some of greater Boston’s most iconic office buildings, including 100 Federal, One International Place, and One Beacon. The office node is well served by transit, accessible through five rapid transit subway lines, and within walking distance of two of the area’s largest rail hubs: North and South Station. Other cultural landmarks like the Boston Common and Old State House, as well as retail in Faneuil Hall and the North End, give this area high appeal to office tenants.

The Financial District attracts firms from a diverse array of industries. As its name might suggest, companies in the financial sector have the largest presence here including giants like Bank of America, Wellington Management, Brown Brothers Harriman, and State Street. While these firms still dominate, tech and life science firms have headlined recent leasing. Pricey rents and a lack of available space in tech’s traditional home of East Cambridge have push many to look at the Financial District. Spotify, Twitter, Klayvio, and Medidata are some of the most prominent tech firms that have recently leased space in the Financial District.

Due to this changing nature of demand, as well as competition from areas like the Seaport, the submarket’s inventory has undergone a recent refresh. Dozens of towers from 33 Arch to 10 Post Office Square have received upgraded lobbies and added amenities. Among the most transformational is One Post Office Square, which is undergoing a quarter-billion-dollar renovation that will add 300,000 square feet and sheath the tower in glass.