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Image courtesy of MP Boston
Deloitte will relocate from Back Bay to the newly-completed Winthrop Center tower in the Financial District after leasing 138,000 square feet from developer MP Boston.
The transaction leaves 325,000 square feet of available space in the 800,000-square-foot office section of the office-condominium tower, which opened in June.
Professional service firm Deloitte’s local offices are located on the 10th floor of 200 Berkeley St. in Back Bay. When it relocates in 2024, Deloitte will join Cambridge Associates, Income Research + Management, McKinsey, and ECG Management Consultants at Winthrop Center.
In a statement, Deloitte New England Managing Partner Kevin McGovern said the firm had two priorities that led it to select Winthrop Center.
“First, we want our Boston space optimized for our colleagues as we continue to shift to a hybrid workplace model and to support connecting with our broader community to come together and create an impact that matters. Second, we want to reinforce Deloitte’s commitment to downtown Boston as a thriving business community,” McGovern said.
The transaction is Boston’s largest office lease of 2023, in what has been a quiet year for the local office market. Tenants have gravitated to Class A buildings and new construction in the post-pandemic environment, as availabilities of direct and sublease space rose.
The office vacancy rate in Boston’s Financial District stood at 19.4 percent, including 23 percent for class B buildings, according to a May report by brokerage Hunneman.
Developers MP Boston have touted the sustainable aspects of the 691-foot-tall tower, which was designed by Handel Associates as the world’s largest Passive House office building.
Office tenants will share some of the amenity spaces with the residents of the 317 luxury condominiums which have been marketed for $1.5 million and up. The development includes a 24,000-square-foot amenity space known as The Collective on the third floor, including a breakfast bar, fitness areas and swimming pool.
