According to a report from the Boston Business Journal, PricewaterhouseCoopers (PwC) has recently renewed its lease for their iconic tower in the Seaport District. This decision is seen as a win for the high-vacancy office sector in Boston. The Big Four accounting firm will continue to occupy 335,000 square feet at 101 Seaport Blvd., slightly less than their current space of 360,000 square feet. The renewal agreement extends through 2036.
PwC moved into this prominent building back in 2015 when they relocated from the Financial District. This move was significant as it marked a turning point for the neighborhood’s transformation into a hub of corporate activity, according to sources cited by the Business Journal . With over 3,200 partners and employees in this region alone, PwC is one of many companies contributing to this growth.
In addition to renewing their lease agreement with Skanska USA’s original development now owned by an affiliate of Germany’s Union Investment Real Estate , PwC also maintains flexible work policies within its offices. Approximately half of their employees are considered “hybrid,” working onsite about half-time while others are “virtual” and come into work up to three times per month. To support these flexible arrangements even further, changes will be made within PwC’s Boston office space as reported by sources mentioned by Business Journal .
