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Commercial real estate market conditions appear to be holding steady in the Boston Metro area, according to the latest Federal Reserve Beige Book report.  The Beige Book report gives us an overview of market trends in our area, making it a valuable resource for commercial real estate professionals and business owners alike.  Here are the highlights of the current report:

  • Downtown Boston commercial leasing activity has held steady since the last report
  • Office leasing demand continues to strengthen along the Route 128 corridor
  • Large amounts of capital are being invested in commercial real estate and multifamily structures in the Boston area
  • Many existing businesses are not expanding their space needs, leading to lease renewals rather than new leases
  • Construction activity is strong in the multifamily and hospitality sectors
  • Speculative office construction remains limited in the area
  • Boston area hotels continue to do well as business travel is strong and leisure travel has increased

In summary, while the office sector seems to be holding steady, growth is being observed in the multifamily and hospitality sectors.  It seems to be an excellent time for investors to take advantage of the opportunities provided by available multifamily structures in the Boston Metro area.  If you are searching for investment properties in the Boston Metro area, please do not hesitate to contact us!  We can help you find your ideal property.

Jay Nuss
Jay Nuss Realty Group, LLC
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