Move 10 Miles and Save Over $12 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?
40,000 Square Foot Tenant Comparison: 10-Year Lease
Typical Cost Comparison for a 40,000 Square Foot
Tenant Moving from Boston’s Central Business District (CBD) to
Braintree Hill Business Center:
| |
Boston CBD |
South Shore |
| Average Asking Rent(s) per Square Foot |
$48 |
$21 |
| Total Rent over 10-Year Lease |
$19,200,000 |
$8,400,000 |
| Total Common Area Maintenance Escalation |
$1,080,000 |
$600,000 |
| Electricity Costs |
$800,000 |
$600,000 |
| Parking Costs |
$480,000 |
Zero |
| Total Real Estate Tax Escalation |
$338,240 |
$72,000 |
| Total Costs |
$21,898,240 |
$9,672,000 |
| Total Braintree Savings |
|
$12,226,240 |
|
