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Renovated Office Unit
For Lease
$20 SF/Yr

116 State Street Unit 3, Boston, MA 02109

Modernized office unit with immediate MBTA Blue and Orange Line access and a Walk Score of 99.

Property Size2,000 SF
Days on Market165

Property Features for 116 State Street Unit 3

General Information

Standard status Active
Size 2,000 SF
Lease Term []

Additional Details

Space Use Office
Public Transit Yes

Building Details

Year Built 9999
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin
Source: Oldeforgerealty
Added: Feb 16 Changed: Jul 30 Last Checked: Jul 30 at 7:04PM

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.

Renovated modern office unit offered for a unique 1+ year lease option. The space is approximately 2,000 SF and is positioned within a highly visible downtown building intended for office use.

116 State Street is in Boston’s Financial District, located less than 200 feet from Quincy Market. The property is surrounded by high-volume pedestrian thoroughfares and provides immediate access to the MBTA Blue and Orange Lines. A Walk Score of 99 supports the area’s walkable, foot-traffic environment.

The unit’s configuration and lease structure are suited for tenants seeking a central downtown presence within the Financial District.

Key Highlights

  • Approximately 2,000 SF renovated office unit
  • Unique 1+ year lease option
  • Less than 200 feet from Quincy Market

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
$3.00 /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 39% 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 - Modernized office unit with immediate MBTA Blue and Orange Line access and a Walk Score of 99.
Where is this office units located?
The property is located at 116 State Street Unit 3 Boston, MA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Approximately 2,000 SF renovated office unit; Unique 1+ year lease option; Less than 200 feet from Quincy Market
More about this property
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