Move 10 Miles and Save Over $6 Million
Why waste a fortune on high downtown Boston rents when you can be in new construction on the Gateway to the South Shore for half the cost?
20,000 Square Foot Tenant Comparison: 10-Year Lease
Typical Cost Comparison for a 20,000 Square Foot
Tenant Moving from Boston’s Central Business District (CBD) to
Braintree Hill Business Center:
| |
Boston CBD |
South Shore |
| Average Rent(s) per Square Foot |
$51 |
$26 |
| Total Rent over 10-Year Lease |
$10,200,000 |
$5,200,000 |
| Total Common Area Maintenance Escalation |
$540,000 |
$143,800 |
| Electricity Costs |
$400,000 |
$300,000 |
| Parking Costs |
$480,000 |
Zero |
| Total Real Estate Tax Escalation |
$169,120 |
$36,000 |
| Total Costs |
$11,789,120 |
$5,679,800 |
| Total Braintree Savings |
|
$6,109,320 |
|
