Name

Boston Properties

Legal name

BXP, Inc.

Website

https://bxp.com

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Rental Income: Primary revenue stream from leasing premier office and workplace properties to corporate tenants. Properties are concentrated in six gateway markets with average lease terms exceeding 10 years. Revenue recognized on a straight-line basis over lease terms. Over 95% of 50 million SF portfolio leased to Fortune 500 tenants.
2. Property Dispositions: Strategic disposition of properties to fund new developments and increase portfolio concentration. Company completed over $1 billion in property sales toward $1.9 billion goal, including land parcels and properties across core markets.
3. Debt Issuance and Refinancing: Company uses operating partnership BPLP to issue senior unsecured notes and exchangeable senior notes for debt repayment and capital structure optimization. Examples include $850M senior unsecured notes due 2035 and $850M exchangeable senior notes due 2030.
4. Joint Venture Co-Investment: BXP enters co-investment programs with institutional partners like CPP Investments and GIC for office acquisitions. Also forms joint ventures for specific developments like 360 Park Avenue South with Empire Asset Management.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

BXP is a fully integrated commercial REIT that develops, owns, and manages premier Class A office properties totaling over 50 million square feet across six U.S. gateway markets (Boston, Los Angeles, New York, San Francisco, Seattle, Washington DC). More than 95% of the portfolio is leased to Fortune 500 and other enterprise tenants on average lease terms exceeding 10 years. The company also provides build-to-suit development, sustainable building repositioning (including net-zero retrofits), and on-site renewable energy integration as differentiated offerings for corporate occupiers.

Product overview

BXP (formerly Boston Properties) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, organized as a REIT. The company operates a fully integrated real estate platform with three core service lines: Premier Workplace Development (ground-up development and build-to-suit projects), Premier Workplace Ownership (long-term ownership of 202+ properties across six regions totaling approximately 52.5 million square feet), and Premier Workplace Management (comprehensive property management and tenant services). The portfolio includes iconic assets such as Salesforce Tower in San Francisco, 343 Madison Avenue in New York, and 360 Park Avenue South. BXP also offers specialized services including Green Bond financing for sustainable projects and Net-Zero Building Redevelopment for existing assets. The company operates across six vibrant gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC, with regional leadership teams providing localized expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Premier Workplace Leasing Long-term leasing of Class A office space across approximately 52.5 million square feet and 202+ properties in six U.S. gateway markets. Average lease terms exceed 10 years and over 95% of the portfolio is leased to Fortune 500 enterprise tenants. Includes trophy assets such as Salesforce Tower, Prudential Tower, Embarcadero Center, 535 Mission, 200 Clarendon, and 7 Times Square.
• Build-to-Suit Development Custom ground-up development of office properties for specific large corporate tenants, including recent projects such as 343 Madison Avenue (a 46-story tower in Midtown Manhattan anchored by C.V. Starr) and 2100 M Street in Washington DC (a 320,000 SF trophy property anchored by Sidley Austin for 75% of the space).
• Premier Workplace Property Management Comprehensive property management services across BXP's owned portfolio, including sustainability initiatives, tenant services, building operations, retro-commissioning, and on-site operational excellence. Management is delivered by in-house regional teams in each gateway market.
• Net-Zero Building Redevelopment Retrofit and redevelopment of existing office buildings into net-zero, carbon-neutral facilities through full electrification, building envelope improvements, advanced energy recovery systems, mechanical system modernization, and on-site renewable energy generation. Delivered at scale for the first time in Massachusetts at 140 Kendrick Street Building A (106,000 SF) in partnership with Wellington Management, achieving LEED Zero certification.
• Sustainability & ESG Services Integrated environmental services across the BXP portfolio, including LEED, ENERGY STAR, and Fitwel certification management, carbon-neutral operations, retro-commissioning, on-site solar PV (5.2 MW at Carnegie Center), 3.7 MWh energy storage, science-based GHG emissions reduction targets, and an environmental management system aligned with ISO 14001.

Quantifiable outcome

• 38% energy use reduction (intensity basis since 2008)
• +6 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Jim Campbell StudiosminorStrategic or Co-development Partner · 1 March 2026Jim Campbell Studios partnered on Holi celebration video installation at Salesforce Tower LED crown - first time in tower's history for such cultural installation.
• Cross Ocean PartnersminorStrategic or Co-development Partner · 1 December 2025Cross Ocean Partners collaborated with BXP and Lincoln Property Company on a first-of-its-kind commercial real estate transaction involving recognition and transfer of Digital Rights. Property: 140 Kendrick Street in Greater Boston, acquired for $132 million in December 2025.
• Lincoln Property CompanyminorStrategic or Co-development Partner · 1 December 2025Lincoln Property Company partnered with BXP and Cross Ocean Partners on the first commercial real estate transaction involving Digital Rights recognition and transfer for 140 Kendrick Street property.
• Wellington ManagementcoreStrategic or Co-development Partner · 1 January 2021Wellington Management leased 140 Kendrick Street Building A in 2021 and partnered with BXP on the first net-zero, carbon-neutral office repositioning of this scale in Massachusetts. Full electrification, building envelope improvements, and on-site renewable energy generation.
• Empire Asset ManagementcoreStrategic or Co-development Partner · 1 January 2021Joint venture partner with BXP for acquisition of 360 Park Avenue South in 2021. Acquired 450,000 SF, 20-story building for $300 million.
• Energy Impact PartnersminorStrategic or Co-development PartnerBXP invested in second fund with Energy Impact Partners to advance and support built environment climate technology through engagement and investment.
• Perkins AccessminorImplementation/ SI/ Consulting PartnerPerkins Access, division of Perkins School for the Blind, engaged by BXP to ensure website conforms to WCAG 2.1 Level AA requirements and provide inclusive design reviews and accessibility support.
• Best BeesminorStrategic or Co-development PartnerBoston-based full-service beekeeping operation partnered with BXP since 2013 for urban apiculture at several Boston Properties buildings.
• DNVminorImplementation/ SI/ Consulting PartnerDNV Business Assurance USA provided Second Party Opinion on BXP Green Bond Framework, verifying alignment with ICMA Green Bond Principles.

Scale indicators17 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Tishman Speyer: Tishman Speyer is a privately held global owner/developer of trophy office properties (Rockefeller Center, One Boston Wharf), competing head-to-head with BXP in gateway cities and on sustainability credentials, though not publicly traded.
• Brookfield Property Partners: Brookfield is one of the world's largest commercial real estate owners/operators with significant US office and mixed-use holdings, overlapping with BXP's trophy-asset focus but at much larger diversified scale and via a private capital structure.

Direct peers

• Highwoods Properties: Highwoods owns and develops Class A office properties in Sunbelt markets, sharing BXP's fully integrated development/ownership/management platform and Fortune 500 tenant focus, though with a different geographic footprint.
• Douglas Emmett: Douglas Emmett owns and operates Class A office and multifamily properties concentrated in Los Angeles and Honolulu, with overlap on BXP's LA region (Colorado Center, Santa Monica Business Park) and trophy-office positioning.
• Kilroy Realty: Kilroy owns and develops Class A office and life-science properties on the US West Coast (San Francisco, LA, Seattle, San Diego), directly overlapping with BXP's West Coast regions and tech/life-sciences tenant base.
• Cousins Properties: Cousins is a publicly traded office REIT with trophy Class A assets in Sunbelt gateway markets (Atlanta, Austin, Charlotte, Dallas), comparable to BXP in business model (development + ownership of premier workplaces) though geographically differentiated.
• SL Green Realty: SL Green is the largest office REIT in Manhattan, operating trophy office properties with similar tenant profiles to BXP's NYC region and a comparable focus on long-duration leases with financial/professional services tenants.
• Empire State Realty Trust: ESRT owns the Empire State Building and a Manhattan/portfolio of office and retail properties, comparable to BXP as a NYC-focused public office REIT pursuing energy-efficiency retrofits and ESG premiums.
• Vornado Realty Trust: Vornado is a publicly traded REIT concentrated in Manhattan and the DC metro, focused on Class A office assets in gateway markets - directly comparable to BXP's NYC/DC portfolio and trophy-asset strategy.
• Paramount Group: Paramount is a publicly traded office REIT owning Class A trophy office properties in NYC and San Francisco - the same two gateway markets where BXP has material exposure and is currently working to lift occupancy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/bxpboston
• LinkedInlinkedin.com/company/boston-properties

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boston Properties