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New Development Planned for Boston’s Fenway Park Area

Fenway Park, home to the Boston Red Sox, will eventually be surrounded by a mix of new residential and commercial development, according to a report in Boston Bisnow. Fenway Sports Group intends to develop 5 acres of property in several locations near the iconic...

Small Businesses in the Boston Metro Need Your Support!

2020 has been a challenging year for everyone, but it has been especially hard on small businesses in the Boston Metro and everywhere around the country. Without the support of local customers, a good percentage of independent retailers, restaurants and service...

Boston Metro Office Sector Becomes a Tenant’s Market

As work-from-home arrangements continue, the Boston Metro office sector is feeling the impact. The latest Beige Book report from the Federal Reserve Bank of Boston estimates that only 20% of New England office workers have returned to employer sites. This is far below...

Lab and Industrial Space Highly Sought in the Boston Metro

Commercial real estate in the Boston Metro is dealing with record demand in some business sectors, and a pandemic-induced slump in others. According to the latest data from the Federal Reserve Bank of Boston's Beige Book, as reported in the Boston Business Journal,...

Boston Metro Small Businesses Have New Federal Loan Option

Small to mid-sized businesses in the Boston Metro have new lending options available under the Federal Reserve's Main Street Lending Program, which recently adjusted borrowing requirements for easier access. Effective immediately, the minimum loan available under the...

Quincy Draws New Residents and Businesses to Boston Metro South

The Boston Metro South is growing, and Quincy is an example of an up-and-coming community with economic vitality. As recently reported in the Boston Globe, the redevelopment of Quincy Center is bringing a combination of commercial and residential growth to the...

Boston Metro Office Tower Sector Edges Ahead of NYC

Before COVID-19 disrupted the business world, predictions were rosy for Boston Metro Commercial real estate. Forbes had named Boston as one of the "Hottest Cities for Commercial Real Estate Investing in 2020." Fortune Builders placed Boston among the "best commercial...

Boston Metro Office Demand Will Focus on Flexibility

The Boston Metro workforce is valued for its levels of higher education and adaptability, traits which made local work-from-home operations virtually seamless during the onset of the pandemic. Maybe too seamless, for the comfort of commercial real estate investors....

Amazon Expands Holdings in the Boston Metro

While Boston wasn't selected for Amazon's second headquarters, the e-commerce giant has taken a keen interest in Boston Metro commercial real estate. Amazon's recent moves can be taken as an indicator of the region's economic resiliency and bullish future outlook....

Boston Metro Office Space Demand Could Rise in Suburbs

Demand for suburban office space in the Boston Metro could rise in the near future, as employers grapple with social distancing needs and the evolving requirements of a remote workforce. A recent survey conducted by PwC offers insights for the future. PwC surveyed 120...

Boston Metro Expects Tepid Job Growth in Q3

Boston Metro employment is expected to increase during the 3rd quarter, though at a much lesser scale than the same time a year ago. Here’s the Boston Metro employment outlook by sector, and what it could mean for Boston Metro commercial real estate.

Subleasing on the Rise in the Boston Metro

Given the long-running demand for prime office space in the Boston Metro, the current shift in occupancy represents a balancing of the market rather than a complete rout.

Cape Cod Activity Signals Boston Metro Economic Resilience

A resurgence of tourism in the Cape Cod area signals resilience for the Boston Metro economy. Even as out-of-state visitors canceled reservations in April and May, local tourism has swelled, drawing vacationers and second homeowners from the Boston Metro and...

Boston Metro Insights from 2nd Quarter Beige Book

The Boston Metro continued to grapple with pandemic-related disruptions during the second quarter of 2020. According to the latest Beige Book report from the Federal Reserve Bank of Boston, most industries have borne the challenges fairly well, but hospitality and...

Boston Metro Multi-Family Sector Sees Rise in Vacancy

Apartment vacancy rates are rising in the Boston Metro, according to recent articles in Boston Bisnow and the Boston Herald. On a year-over-year basis, apartment inventory is up by an average of 58%. Available units in the South End and Beacon Hill have more than...

Boston Metro Business Owners Should Review Lease Agreements

It's difficult time for many Boston Metro businesses. While Massachusetts has a gradual reopening underway, small and large companies alike have lost considerable sums during pandemic closures. One major franchise, The Cheesecake Factory, made headline news when it...

Boston Metro Businesses Should Prepare for Changing Consumer Habits

Consumers in the Boston Metro and around the world are holding their wallets tighter as economic concerns weigh on their minds. According to an April 2020 study by Deloitte, which surveyed 13,000 consumers in over a dozen countries, health fears and personal financial...