Drizly subleases prime office space in Boston’s Back Bay
In the largest Back Bay sublease to date in 2021, Drizly looks forward to expansion
BOSTON, March 17, 2021 – Today, JLL announced that their client, Aquent, has subleased a portion of the 3rd floor at 501 Boylston Street to Drizly. The 30,665 square feet lease will support Drizly’s expanded operations. The plug & play space features an open floor plan with completely unassigned desking, a concept likely to be adopted by many companies embracing a hybrid work model going forward.
“The notion of how space will be used continues to evolve but its undeniable that the office environment will remain critical for collaboration, team building and mentorship, all important factors for an innovative, growing company like Drizly.” said JLL Managing Director, Bryan Sparkes.
According to JLL research, at the start of 2021 subleases began to come off market, signaling that tenants were planning on reoccupying office space as the pandemic’s outlook continues to improve. Data shows the average sublease in Back Bay is around 11,000 square feet, making Drizly’s sublease at 501 Boylston a market moving deal thus far in 2021.
We are thrilled to continue to maintain Drizly’s headquarters in the Back Bay. Our new office will allow for the expansion of our team in a flexible, creative and healthy work environment. We can’t wait to get our team members back together in this incredible new space ” said Gabriela McManus, SVP of People Operations for Drizly.
The JLL team representing Aquent was comprised of Managing Directors Bryan Sparkes and Roger Breslin, while Drizly was represented by Brooke Blue and Jon Frisch of T3 Advisors.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.