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12-Story Boutique Office Building
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40 Court St, Boston, MA 02108

12-story boutique office building renovated in 2000, with MBTA access at Park Street and Government Center.

Property Size8,780 SF
Days on Market1122

Property Features for 40 Court St

General Information

Standard status Active
Size 8,780 SF
Property subtype OFFICE

Additional Details

Public Transit Yes

Building Details

Year Built 1914
Year Renovated 2000
Stories 12
Building Size 110,005 SF
Listing Agency: Lincoln Property Company | Boston
Listed By: Brian Smallman
Source: Moodyscre
Added: Jul 5, 2023 Changed: Jul 29 Last Checked: Jul 29 at 6:39AM

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 Lincoln Property Company | Boston

Investment Insights

Based on property information with market context.

40 Court Street is a 12-story, 110,005-square-foot boutique office building in Boston’s Financial District. Originally constructed in 1914 as the headquarters for the U.S. Trust Company, the property was renovated in 2000 and is described as fully modernized.

The building overlooks Boston’s City Hall plaza and is positioned in a central area proximate to Downtown Crossing, Back Bay, and the Financial District. Tenants benefit from easy access to public transportation, including the Red and Green MBTA lines at Park Street and the Blue Line at Government Center.

The property is also approximately three blocks from Boston Common and is surrounded by ongoing and upcoming mixed-use development activity.

Key Highlights

  • 12‑story office building with 110,005 SF in Boston’s Financial District
  • Constructed in 1914 and renovated in 2000
  • Fully modernized landmark building overlooking Boston City Hall plaza

Property Analytics

Current Use

Massachusetts Workforce Association Association Or Organization The Oceanaire Seafood Room Restaurant The Strategy Group Marketing & Advertising JGE Architecture + Design Architecture Firm CommonWealth Purchasing Group ... Physician

Suggested Use

Top Pick HVAC Service Clothing & Fashion Store Pet Grooming Service 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

Location Intelligence

Trade Area within ½ mile

28,847
Businesses Nearby

Demographics for 02108, MA

4,228
Population
2,473
Households
1.7
Avg Household Size
38
Median Age
77%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
14,093
Density / Sq Mi
$212,664
Median Household Income
$95,688
Median Earnings
$2,692
Median Rent
$1,570,400
Median Home Value

Market

Lease Benchmarks for Boston, MA

$28.5 /SF/Yr
Avg Asking Price
$20–$32 /SF/Yr
Price Range
5,048 SF
Avg Space Size

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 building - 12-story boutique office building renovated in 2000, with MBTA access at Park Street and Government Center.
Where is this office building located?
The property is located at 40 Court St Boston, MA.
What are key features of this property?
This property features: 12‑story office building with 110,005 SF in Boston’s Financial District; Constructed in 1914 and renovated in 2000; Fully modernized landmark building overlooking Boston City Hall plaza
(617) 921-0274 Call to check price and availability
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