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Renovated Office Tower
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28 State St, Boston, MA 02108

40-story office building with a flame-cut granite exterior, fully renovated, built in 1968 and renovated in 1997.

Property Size16,390 SF
Days on Market1151

Property Features for 28 State St

General Information

Standard status Active
Size 16,390 SF
Property subtype OFFICE

Building Details

Year Built 1968
Year Renovated 1997
Stories 40
Construction flame cut granite
Listing Agency: Cushman & Wakefield | Boston
Listed By: Thomas O'Regan
Source: Moodyscre
Added: Jun 6, 2023 Changed: Jul 27 Last Checked: Jul 29 at 3:52PM

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 Cushman & Wakefield | Boston

Investment Insights

Based on property information with market context.

This 40-story office tower features a flame-cut granite exterior and was fully renovated. The building was originally built in 1968, with renovations completed in 1997.

The property is located adjacent to Government Center and Fanueil Hall, with the building offering retail, banking, and restaurant uses.

As a long-standing high-rise asset, the space configuration and tenant mix support multiple ground-level and office-oriented leasing opportunities.

Key Highlights

  • 40‑story office building with a flame‑cut granite exterior
  • Recently fully renovated
  • Built in 1968 with renovations dated 1997

Property Analytics

Current Use

Mc Dermott Will ... Law Firm Hinckley Allen Law Firm Boston Insurance Brokerage Insurance Agency MICHAEL J. CONNOLLY Law Firm Cooper Howard M Law Firm

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

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 - 40-story office building with a flame-cut granite exterior, fully renovated, built in 1968 and renovated in 1997.
Where is this office building located?
The property is located at 28 State St Boston, MA.
What are key features of this property?
This property features: 40‑story office building with a flame‑cut granite exterior; Recently fully renovated; Built in 1968 with renovations dated 1997
(617) 330-6966 Call to check price and availability
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