Hancock Tower office space going ‘a little bit slow,’ official says
Boston’s tallest building lost its longtime name last year, and now the skyscraper is having trouble leasing out its office space, The Boston Globe reports.
Efforts to find tenants for the former John Hancock Tower have been going “a little bit slow,” said Doug Linde, the President of Boston Properties Inc., which owns the property. About one-fourth of the office space remains vacant at the location, the Globe reports.
Boston Properties Inc. had to change the name of the building last year when John Hancock Financial’s final lease ended. The 62-story building with the all-glass facade is now officially being pitched as 200 Clarendon Street, and the base of the tower is billed as 120 St. James.
In all, the 40-year-old Back Bay landmark holds about 1.7 million square feet of office space.
Despite the slow sales, companies should be prepared to shell out for space there: Rents toward the top of the tower are going for $70 to $80 per square foot, the Globe reports.
To comment, please create a screen name in your profile
To comment, please verify your email address
Conversation
This discussion has ended. Please join elsewhere on Boston.com