The Future of Office Work in the Boston Metro
The majority of surveyed office workers desire a hybrid of remote work and in-person office attendance. Effective collaboration, clearer direction from management and better oversight of projects were among the reasons presented.
Will Boston Metro Commercial Real Estate Demand Improve in 2021?
Boston Metro commercial real estate experienced dynamically different market conditions during 2020. While the pandemic helped increased demand for lab space and warehouse space, it had significant, adverse impacts on retail, hospitality and office sectors. Now that vaccine distribution is in the early stages, there is some question about how soon these troubled sectors will see relief.
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...
Future of Boston Metro Retail May Include More Strip Malls
Traditional shopping malls may be struggling in the Boston Metro, but strip malls are showing resilience. According to a report by Forbes, consumer trends show that in-person shopping is evolving rather than fading out.
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...