BXP is a publicly traded real estate investment trust that develops, owns, and manages office properties in six major U.S. gateway markets. Founded in 1970 in Boston by Mortimer Zuckerman and Edward Linde, the company went public in 1997 and operates as a fully integrated REIT trading on the New York Stock Exchange under ticker symbol BXP. The firm focuses on Class A and premier office assets in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC, with additional holdings in retail, residential, and life science properties.
As of June 30, 2026, BXP owned or held interests in 164 properties totaling 51.1 million square feet, including six properties under construction or redevelopment. The portfolio consists primarily of office properties (143 buildings), along with 14 retail properties, six residential properties, and one hotel. In-service properties maintained 91.3% occupancy with a weighted-average lease term of 7.6 years. The company reported $3.4 billion in annualized revenue and $1.9 billion in annualized EBITDA.
BXP's geographic concentration reflects its strategy of targeting supply-constrained urban markets with high barriers to entry. New York represents approximately 25-28% of portfolio revenues, Boston accounts for 35-38%, San Francisco 15-18%, Washington DC 12-15%, Los Angeles 5-7%, and Seattle holds a smaller percentage. The tenant base includes law firms, financial institutions, technology companies, and life science organizations concentrated in central business districts.
The company executed approximately 1.8 million square feet of leases in the second quarter of 2026 and completed over $1.0 billion in strategic dispositions between 2025 and early 2026. Major development projects include 343 Madison Avenue in Manhattan, a 930,000-square-foot office tower with $1.2 billion in construction financing secured in July 2026 and approximately 56% pre-leased.
View More