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Renovated Office Space in Downtown
For Lease
$22 SF/Yr

116 State St #3, Boston, MA 02109

Modern renovated office suite with strong pedestrian access near major MBTA lines and Quincy Market.

Property Size2,000 SF
Days on Market56

Property Features for 116 State St #3

General Information

Standard status Active
Size 2,000 SF

Building Details

Year Built 9999
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin
Source: 413realestate
Added: Jun 5 Changed: Jul 10 Last Checked: Jul 30 at 3:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Tree Real Estate

Investment Insights

Based on property information with market context.

This modern, renovated office space is offered for a unique 1+ year lease term. The suite is located on the property at 116 State St, #3.

Positioned in the heart of Boston’s Financial District, the building is located less than 200 feet from Quincy Market and is surrounded by busy pedestrian thoroughfares. The location provides immediate access to the MBTA Blue and Orange Lines, and the area is described with a Walk Score of 99.

The space is suited for office users or office concepts seeking a high-visibility downtown address with convenient transit access. Retail activity in the building is noted as including other retail space, and the office is described as located above Al’s subs, with nearby lunch-oriented traffic in the area.

Key Highlights

  • Modern renovated office suite available with a 1+ year lease option in Boston’s Financial District
  • Located less than 200 feet from Quincy Market
  • Surrounded by high‑volume pedestrian thoroughfares with strong foot traffic from office workers and tourists

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Pet Grooming Service Clothing & Fashion Store Butcher Buffet Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

24,086
Businesses Nearby

Demographics for 02109, MA

3,921
Population
2,719
Households
1.4
Avg Household Size
36
Median Age
88%
College-Educated
97%
High-School Grad
0.2 sq mi
ZIP Area
19,605
Density / Sq Mi
$177,500
Median Household Income
$100,889
Median Earnings
$3,501
Median Rent
$1,007,200
Median Home Value

Market

Lease Benchmarks for Boston, MA

$32.64 /SF/Yr
Avg Asking Price
$9.75–$96.43 /SF/Yr
Price Range
8,196 SF
Avg Space Size

This space is priced 33% below the average of $32.64 /SF/Yr.

Vacancy Rate% for Office in Boston, MA

9.1% 2019
12.4% 2020
10.8% 2021
12.5% 2022
15.1% 2023
17% 2024
18.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Modern renovated office suite with strong pedestrian access near major MBTA lines and Quincy Market.
Where is this office units located?
The property is located at 116 State St #3 Boston, MA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Modern renovated office suite available with a 1+ year lease option in Boston’s Financial District; Located less than 200 feet from Quincy Market; Surrounded by high‑volume pedestrian thoroughfares with strong foot traffic from office workers and tourists
More about this property
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