Office giant Boston Properties is one of the biggest landlords in Boston. So when they talk, we listen for insights and updates on the region's commercial real estate scene.
Company executives spoke with analysts for more than an hour Wednesday after releasing second-quarter earnings, and dropped a few tidbits of news about Boston. Here are a few highlights:
Meanwhile, the other new retail spaces being added to the Pru complex are already leased. And Koop said Boston Properties has seen "strong demand" for retail storefronts at other Boston buildings, including the Hub on Causeway project its building at North Station and the new expanded lobby of 100 Federal Street in Post Office Square.
Meanwhile Microsoft has told Boston Properties it will move out of its 125,000 of space at 255 Main Street, on the corner of Main and Broadway, at the end of 2017. In some markets losing a tenant like that might pose a challenge. But Linde pointed out the average rent in that building is $25 a square foot below market in Kendall right now. So Microsoft's departure is an opportunity to get higher rents out of the property.
Tim Logan can be reached at tim.logan@globe.com. Follow him on Twitter at @bytimlogan.