Cushman & Wakefield's (C&W) downtown leasing team is reporting a significant increase in office space showings driven by smaller professional services and technology firms seeking locations in the city. The trend is evident in the recent completion of three transactions at 200 State St., 225 Friend St., and 100 Summer St.
At 200 State St., C&W executive director Debra Gould represented the landlord, GLL Real Estate Partners, in a 3,704 s/f office lease. The tenant, Fisher & Phillips was represented by Grubb & Ellis.
At 225 Friend St., C&W director Tim Bianchi represented the landlord, STJ Friend Equity Partners, LLC, in the lease expansion from 4,111 s/f of space to 8,154 s/f of space and extended the lease. The tenant is The Achievement Network.
At 100 Summer St., C&W senior director Jim Brady represented MA-100 Summer Street, LLC (Equity Office), in the lease of 3,241 s/f. The tenant is EverBank.
"There is a noticeable uptick in new activity putting pressure on downtown space due to small professional services firms, many new to the city, requesting showings in the Downtown," said Brady.