The educational software development firm upgrades from co-working suite to a move-in ready space to foster rapid growth

Boston, MA – Global commercial real estate advisor Avison Young has arranged a new lease for Cariina, a software development company specializing in educational administration, at 40 Water Street in Boston, MA. The new space will serve as the company’s headquarters, totals 6,803 square feet (sf), and offers furnished, move-in ready space that will accommodate the company’s rapid growth. Cariina will also benefit from dedicated exterior signage along the high-traffic Congress Street, further enhancing their brand visibility. They are relocating from a coworking suite at 2 Oliver Street, where they lease a 2,100-sf space.

Cariina was represented by Avison Young’s Kirk Weller and Jon Vacca, both based in Boston. JLL represented the landlord.

“Cariina’s decision to upgrade and expand its office space challenges the current trend of companies downsizing their footprints in new lease negotiations. This move underscores the growing demand for move-in-ready, often fully furnished spec suites—an appealing solution for fast-growing companies that need flexibility in today’s dynamic market,” said Weller. “As Cariina continues to scale, this new Class A space will not only support their growth but also help attract top-tier talent.”

40 Water Street, a restored and reconfigured building, blends classic architecture with modern amenities. The property offers a fully equipped fitness center, on-site food service, bike storage, conference facilities, a tenant lounge, and 24/7 security. It is centrally located in Boston’s Congress Square neighborhood, providing easy access to the city’s vibrant downtown.

“We're thrilled to announce our new location at 40 Water Street,” said Matt Barron, CEO, Cariina. “This expansive, move-in ready space provides the perfect environment for our continued growth and enables us to attract top talent to Cariina."