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Boutique Office Building
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31 Milk St, Boston, MA 02109

Boutique office building with updated common areas, exposed ceilings, and new bathrooms and operable windows.

Property Size1,639 SF
Days on Market1374

Property Features for 31 Milk St

General Information

Standard status Active
Size 1,639 SF
Property subtype OFFICE
Listing Agency: Lincoln Property Company | Boston
Listed By: Brian Smallman
Source: Moodyscre
Added: Oct 26, 2022 Changed: Jul 26 Last Checked: Jul 29 at 3:16PM

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.

31 Milk Street is a boutique office building in Boston’s CBD between Downtown Crossing and Post Office Square Park. The building offers on-site security and 24/7 access, along with updated common areas.

Interior improvements include exposed ceilings, new bathrooms, and new operable windows. Recent capital improvements totaling $2M have been completed.

The building is within walking distance to shops, restaurants, and hotels, and is served by MBTA subway lines and nearby public parking garages.

Key Highlights

  • Boutique office building in Boston’s CBD between Downtown Crossing and Post Office Square Park
  • Security on‑site with 24/7 access
  • Recent capital improvements totaling $2M

Property Analytics

Current Use

College Life Today Corporate Office Cenotech Solutions (Bike/Boat/Book/etc) Store Sakonnett Capital Financial Advisor Massachusetts Lodging Association Association / Organization Charitable Gift Annuity Association Or Organization

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

28,783
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

$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 - Boutique office building with updated common areas, exposed ceilings, and new bathrooms and operable windows.
Where is this office building located?
The property is located at 31 Milk St Boston, MA.
What are key features of this property?
This property features: Boutique office building in Boston’s CBD between Downtown Crossing and Post Office Square Park; Security on‑site with 24/7 access; Recent capital improvements totaling $2M
(617) 921-0274 Call to check price and availability
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