Overview
Location
The Financial District, nestled along Boston Harbor and bordered by Downtown Crossing, is the city’s economic powerhouse. Centered around streets like Congress, State, and Franklin, it blends historic significance with modern commerce. Towering skyscrapers house global businesses, while landmarks like the Old State House and Custom House Clock Tower preserve its colonial roots. Amid the hustle, Post Office Square offers a touch of greenery, creating a balance of business and urban charm. With its dynamic energy and iconic skyline, the Financial District is Boston’s thriving center of trade and history.
$2M+ Luxury Market Data
In the past, the Financial District has not had much residential activity to speak of. A few loft style condos here and there but no concentration of luxury residential offerings. Over the past couple of years, with new luxury skyscrapers being developed, this has begun to change. There were 6 sales over $2M in the Financial District this year that contributed $28,522,500 of sales volume to the 2024 Midtown total.
The Sudbury: Luxury Sales Gain Momentum in 2024
The Sudbury is a newer building in this area that features 55 luxury condo residences. Curtailed by the depths of Covid when it came online in 2021, sales made some headway in 2024 while a number of the original units remain available from the developer. In 2024, five of the sub-neighborhoods six sales were in this building, and we represented the buyer on one of them! Our buyer secured #4004 for $4,600,000. This Boston Harbor facing unit has panoramic views from Charlestown to Government Center with the most epic sunrises you can imagine happening to the east.
The Boulevard: A 2024 Sale Adds to Financial District Growth
In 2024, there was one sale at The Boulevard. This 36 unit property, at 110 Broad Street, overlooks the Rose Kennedy Greenway is known for helping to expand the Financial District into a more residential neighborhood. The sole transaction this year was Residence 304, which traded off-market for just $1,239.46 per square foot adding a $2,352,500 sale to our year end totals.
Neighborhood Specialists
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>
