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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...

Massachusetts Eyes Economic Reopening With New England Compact

Massachusetts has joined a coalition of several New England states to establish a framework for resuming economic activity. The coordinated effort seeks to define benchmarks that will be used to determine timelines for re-opening businesses and institutions throughout...

Boston Federal Reserve Beige Book Report

While the Boston Metro is experiencing business disruptions from COVID-19, our local economy may endure the downturn better than most. Here are key highlights from the Boston Federal Reserve's Beige Book Report from April 2020, along with our own insights. Most...

1031 Changes

As anticipated by many, the IRS issued a Notice extending 1031 Tax-Deferred Exchange deadlines. The Notice extends any 45-day identification period deadline or 180-day acquisition period deadline that occurs between April 1 and July 14 to July 15, 2020.

CARES Act Highlights

The CARES Act contains some key provisions which are aimed at assisting small businesses and real estate related entities. Synopsis provided by Jay Nuss Realty Group, LLC:

Massachusetts Tax Deferments for Small Businesses

As bars, restaurants and hospitality services in the Boston Metro grapple with business disruption, relief is on the way in the form of SBA assistance and tax deferments. Massachusetts legislators are finalizing rules that will allow some small businesses to delay tax...

Boston Metro Small Businesses Can Apply for SBA Assistance

The reach of COVID-19 has disrupted business throughout the Boston Metro and the nation. For small businesses such as boutique retailers, restaurants and other public enterprises, the economic impact has been especially hard. As the state of emergency continues,...

Investors Bullish on Boston Metro Suburbs Commercial Real Estate

Commercial real estate investors are banking on the Boston Metro suburbs, especially with Class-B and Class-C properties. According to a recent article in Boston Bisnow, commercial real estate sales in suburban Class-B and Class-C office space increased by 10% on a...

New Developments Anticipate Boston Metro Office Space Demand

"If you build it, they will lease." This seems to be the adage behind Boston's new skyscraper developments and redevelopments, which will bring over three million square feet of commercial real estate space to the market. Yet the amount of supply in development isn't...

Co-Working Concerns in the Boston Metro

Just about a year ago, co-working juggernaut WeWork was in rapid expansion, opening a new Boston Metro location nearly every month. With fifteen locations in operation and four more in the pipeline as of 2019, WeWork's co-working model was turning heads. But after new...

Boston Metro Developers See Opportunities and Challenges in 2020

Boston Metro commercial real estate enjoyed strong performance in 2019, with low office vacancy rates and soaring demand for laboratory space. Our commercial real estate has been on a roll since the end of the Great Recession, and has picked up steam with the economic...

January 2020 Events in the Boston Metro!

It’s a new year, filled with new opportunities to experience the best of the Boston Metro! January brings a variety of events for the whole family. Here are the highlights! Jan. 11-12: Get inspired for your next vacation at the Boston Travel and Adventure Show at the...