BXP

BXP, Inc. (NYSE: BXP) stands as the largest publicly traded developer, owner, and manager of premier workplaces in the United States, with a strategic focus on six dynamic gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As a fully integrated real estate investment trust (REIT), BXP has built an impressive portfolio comprising 54.6 million square feet across 187 properties, including eight properties under construction or redevelopment as of September 2025.

Founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde, the company went public in 1997 and has since established itself as a leader in the commercial real estate sector. On July 1, 2024, the company underwent a significant rebranding from Boston Properties, Inc. to BXP, Inc., a strategic move designed to better reflect its expanded national presence across multiple major markets rather than maintaining a Boston-centric identity. This rebranding was formalized through an amendment to its certificate of incorporation.

BXP's portfolio encompasses primarily Class A office properties, along with life sciences facilities, retail spaces, residential properties, and select hotel properties. The company has been instrumental in developing and managing some of the most iconic buildings in America, including the General Motors Building in New York (acquired for a record $2.8 billion in 2008), the Salesforce Tower in San Francisco, and 200 Clarendon Street (formerly the John Hancock Tower) in Boston, which stands as the tallest building in New England.

As of 2024, BXP reported revenue of $3.38 billion and maintains a market capitalization of approximately $12.65 billion. The company's CBD portfolio of premier workplaces achieved a 90.9% occupancy rate and 92.8% lease rate in Q4 2024. Throughout 2024, BXP demonstrated exceptional leasing performance, executing 291 leases totaling approximately 5.6 million square feet with a 9.8-year weighted-average lease term, including the strongest single quarter since Q2 2019 with 2.3 million square feet leased in Q4 alone.

With over 50 years of experience delivering exceptional workplaces, BXP continues to evolve its portfolio to meet the changing needs of modern businesses. The company's senior management team averages 32 years of real estate experience and 21 years with BXP, bringing unparalleled expertise to every project. BXP's commitment to sustainability has been recognized through Nareit's 2024 Leader in the Light Award in the office property sector, the highest achievement for Office REITs acknowledging outstanding sustainability practices.