Investor optimism remains strong for Boston Metro commercial real estate, according to a recent article by Bisnow. Here are the highlights, along with insights from Jay Nuss Realty Group, LLC!
Despite some pullback by institutional investors, high-net-worth individuals and families are increasing their stake in Boston. These global and domestic investors are taking note of our strong regional economy, which continues to fuel new commercial development and housing demand.
In fact, Boston’s multi-family residential sector is among the top markets in the nation. Our average multi-family occupancy levels have been holding at 90%, while market rents have remained high. The abundant employment opportunities in the Boston Metro are a primary driver of our residential demand.
Meanwhile, Boston’s retail sector is doing better than most other areas of the country, with mixed-used developments successfully attracting a variety of retail tenants. While apparel retailers are struggling around the country, specialty stores and eclectic restaurants are finding success, especially in Boston.
Growing businesses continue to be drawn to Boston’s downtown area, with tenants seeking the advantages of public transportation, access to major highways and ample square footage. Overall, demand for office space remains strong, with the Seaport District, Financial District and downtown area among the most popular urban choices.
For businesses who are looking for quality Boston Metro commercial space without paying a premium, there are good options to be found in communities such as Quincy, Braintree, Weymouth and the surrounding areas. We can help you explore your choices, and provide you with professional tenant representation to help you make the best decisions.
When you are ready to begin, relocate or expand your business in the Boston Metro, team up with the Jay Nuss Realty Group! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property. Contact us today for expert guidance!