Investment banking occupiers in Boston typically cluster in Financial District, plan ~215 sqft per seat at trophy fit-out ($320–470/sqft), and pay around 78 USD/sqft ($78 USD) on Class A.

• Preferred submarket: Financial District.
• Typical fit-out spec: Trophy ($320–470/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 78 USD/sqft ($78 USD).
• Typical lease: 10 years with 18 months rent-free.
• Talent depth in Boston: 95/100.

TL;DR

• Preferred submarket: Financial District.
• Typical fit-out spec: Trophy ($320–470/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 78 USD/sqft ($78 USD).
• Typical lease: 10 years with 18 months rent-free.
• Talent depth in Boston: 95/100.

Where they cluster

Investment banking occupiers in Boston typically anchor in Financial District. Asset managers (Fidelity, State Street), law firms, banking, professional services.

What they pay

Class A rent in Boston runs 78 USD/sqft ($78 USD) on a 10-year lease with 18 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical investment banking fit-out targets trophy specification at $320–470/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Boston typically targets 21,500 sqft of leasable area.

Talent angle

Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. Deepest STEM and life-sciences talent pool in the US — anchored by MIT, Harvard, BU. Average all-in compensation indexes 95.

Tax and lease context

Headline corporate tax: 28%. Modified-gross with op-ex escalations. Rent-free 18-24 months on 10-year term standard. Lab leases carry distinct economics — base rent plus operating expenses plus utilities pass-through.

Key facts

Frequently asked questions

Where do investment banking occupiers lease office space in Boston?

Most cluster in Financial District. Rent runs ~78 USD/sqft ($78 USD) for trophy and prime stock.

What fit-out spec do investment banking occupiers run in Boston?

Typically trophy at $320–470/sqft.

How much office space per seat should a investment banking occupier plan in Boston?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the investment banking vertical?

Representative NAICS 2022 codes: 523150, 522110.

What is the talent index in Boston?

95/100. Use the city profile for full detail.

Related

• Investment banking — global overview
• Boston — full city profile
• Financial services in Boston
• Asset management in Boston
• Legal services in Boston
• Big tech in Boston

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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• Hybrid Workplace Strategy — How to size, structure, and lease a Class A office for a hybrid workforce.
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• Cross-border Expansion — How to run a coordinated Class A office search across multiple geographies.
• Fit-out Capex — How to budget, sequence, and govern Class A office fit-out capex.
• Lease vs Flex — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa.