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Renovated Office Suite
For Lease
$22 SF/Yr

116 State Street Unit 4, Boston, MA 02109

Commercial zoning and proximity to Quincy Market distinguish this downtown workspace.

Space SizeContact for details
Days on Market8

Property Features for 116 State Street Unit 4

General Information

Standard status Active

Additional Details

Space Use Office
Public Transit Yes
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin · License #RE-B-9510337
Source: Fairfieldrealtyboston
Added: Oct 3 Changed: Oct 7 Last Checked: Oct 10 at 1:58AM

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 renovated 2,000-square-foot office suite is available for lease in Boston’s Financial District. The property is zoned Comm, and the stated lease option is for 1+ year.

Quincy Market is less than 200 feet away. The building has access to the MBTA Blue and Orange Lines, and its Walk Score is 99. The address is 116 State St, #4, Boston.

Key Highlights

  • 2,000 square feet of renovated office space
  • Comm zoning
  • Less than 200 feet from Quincy Market

Property Analytics

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Open Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Pet Grooming Service Clothing & Fashion Store Butcher Buffet Tanning Salon

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Boston, MA

$38.97 /SF/Yr
Avg Asking Price
$8–$96.43 /SF/Yr
Price Range
10,233 SF
Avg Space Size

This space is priced 44% below the average of $38.97 /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
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Frequently Asked Questions

What type of property is this?
Office units - Commercial zoning and proximity to Quincy Market distinguish this downtown workspace.
Where is this office units located?
The property is located at 116 State Street Unit 4 Boston, MA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 2,000 square feet of renovated office space; Comm zoning; Less than 200 feet from Quincy Market
More about this property
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