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Renovated Downtown Office Space
For Lease
$22.02 SF/Yr

4-116 State St, Boston, MA 02109

Renovated office space in a highly visible downtown building with easy access to MBTA Blue and Orange lines.

Property Size2,000 SF
Days on Market162

Property Features for 4-116 State St

General Information

Standard status Active
Size 2,000 SF
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin · License #9510337
Source: Exprealty
Added: Feb 18 Changed: Jul 21 Last Checked: Jul 29 at 9:14PM

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.

Modern and renovated office space is available for a unique 1+ year lease option in Boston’s Financial District. The building is positioned for strong visibility and is described as surrounded by high-volume pedestrian thoroughfares, with access to MBTA Blue and Orange Lines nearby. The property is listed as being less than 200 feet from Quincy Market, and the Walk Score is reported as 99.

The office space is located above Al’s subs, with additional retail activity in the building that includes a European bakery moving in to other retail space. The current offering is presented as suitable for office use or an office concept seeking a central, pedestrian-oriented presence in the Financial District.

Key Highlights

  • Modern/renovated office space available with a unique 1+ year lease option
  • Located in Boston’s Financial District, less than 200 feet from Quincy Market
  • Highly visible building with heavy pedestrian foot traffic from office workers and tourists

Property 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

28,847
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 33% 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 - Renovated office space in a highly visible downtown building with easy access to MBTA Blue and Orange lines.
Where is this office units located?
The property is located at 4-116 State St Boston, MA.
What is the lease rate?
The lease rate is $22.02 SF/Yr.
What are key features of this property?
This property features: Modern/renovated office space available with a unique 1+ year lease option; Located in Boston’s Financial District, less than 200 feet from Quincy Market; Highly visible building with heavy pedestrian foot traffic from office workers and tourists
More about this property
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