Boston Properties: Office Market Will Remian Difficult in 2024, but Valuation Is Appealing

Boston Properties develops, owns, and manages Class A office properties that are mainly concentrated in six markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. It owns over 191 properties consisting of approximately 53 million rentable square feet of space. The company has positioned itself to benefit from the burgeoning life sciences sector, as it owns approximately 5.5 million square feet of life sciences space and has an additional 5.8 million square feet of future development potential.