Overview
The Prudential area is defined by its namesake commercial complex, the Prudential Center. This largely commercial neighborhood features a mix of old and new developments, and a variety of attractions that make for a quintessentially cosmopolitan lifestyle.
Prudential with Katie Garger
Stretching to Copley Square, Prudential takes advantage of more lenient zoning and height restrictions to create the traditional “big city” feels. Dominated by full service residential offerings, this largely commercial neighborhood features a mix of old and new developments, and a variety of attractions that make for a quintessentially cosmopolitan lifestyle.
If you are looking for the best views of all of Back Bay, check out View Boston. At the top of the Prudential Tower, this 52nd floor observatory includes a bistro and an outdoor terrace and offers 360 degree views spanning from the Atlantic Ocean to New Hampshire on the clearest of days.
Location
Nestled in between the Upper Back Bay, Copley, and St. Botolph sub-neighborhoods, Prudential’s northern boundary runs along Boylston Street between Massachusetts Avenue and Exeter, which bound it on the west and east. Huntington Avenue, also from Massachusetts to Exeter, comprises its southern boundary.
$2M+ Luxury Market Data
The high spine was a heavy hitter for Back Bay this year producing 43 deals over $2M and $263,080,000 in volume – (which made up 40.9% of all of Back Bay’s sales volume.) The average price per square foot in this area increased 7% in 2024 to $2,785.04 from $2,596.14 in 2023. In the face of a mostly down year across the market, this increase stands out as an extra bright spot. Primarily three buildings are carrying the load for the rest of the market as the demand for these quality ultra luxury assets is out pacing the surrounding marketplace.
Branded luxury towers continue to emerge, pushing the High Spine to new heights. The neighborhood’s top sale goes to The Mandarin Oriental, PH2-E clocking $25M for its four bedroom, 6,800+ square foot penthouse. Surrounded by newer (and taller) buildings, The Mandarin Oriental has held its own and demonstrated its lasting value for the luxury buyer. To prove the point further the second top sale calls the same building home. Residence #E12-A sold off Market in 2024 for $17M, $4,073/SF.
We believe when real estate consumers are presented with a complete and robust spread of data, in conjunction with their personal preferences, decisions can be reached with the most confidence.
To learn more about changing market dynamics moving into 2025 check out our Perspective on the Boston Luxury Housing Market>
