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Boston Office Lease Terms Lengthen As Premium Spaces Tighten

Rubin Rudman

The Boston Business Journal recently featured Rubin Rudman’s decision to move its headquarters to One Federal Street, one of the most recognizable office towers in Boston’s Financial District, in its article “Boston office lease terms lengthen as premium spaces tighten.” Under a 15-year lease, the firm will occupy 57,844 square feet across the entire 23rd and 24th floors and part of the 25th floor of the building. The move, scheduled for February 2028, follows more than a decade at 53 State Street and adds nearly 15,000 square feet of space to support the firm’s continued growth.

The article highlights the new office, designed by Gensler to reflect the firm’s updated brand identity, spanning two full floors with views of Boston Harbor and the Charles River. It also cites the firm’s lease as a leading example of Boston tenants committing to longer terms to secure premium office space, noting that the lease gives the firm rights to adjacent space as it grows.

As Managing Partner John J. McGivney told the Boston Business Journal, the 15-year lease cements the firm’s long-term presence at One Federal Street and gives it room to keep expanding. The article that follows shows the Boston Business Journal’s coverage of this milestone and what it means for the firm and its employees.

“That’s the kind of thing you’re able to negotiate when you take a longer term, and it’s important to us because we intend to expand and grow, and to expand and grow our space is needed” – John McGivney, Managing Partner