Question · Q3 2025
Brendan James Lynch inquired about BXP's view on the new office tower above South Station in Boston and its potential impact on leasing dynamics in the market.
Answer
President Douglas Linde commented that the new South Station tower, while gleaming, entered the market at an inopportune time with existing availability in the financial district, making it unlikely another financial district building will start soon. He highlighted BXP's opportunity at 171 Dartmouth Street in the tight Back Bay market, which would only commence with a major anchor tenant and meet BXP's development yield thresholds. Director of Regional IT Services Brian Bolinger added that the Back Bay market has very low vacancy (3%) and little tenant transfer, with BXP's downtown buildings leased up for years.