Life Sciences Lead Boston Metro Commercial Real Estate
Even before the pandemic, the Boston Metro area was the leading life sciences market in the United States, based on laboratory inventory, funding, employment and the concentration of key scientists
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.
Triple-Net Leases: The Basics for Boston Metro Commercial Real Estate Tenants
When comparing commercial real estate lease costs in the Boston Metro, it is important to look at the type of lease being offered as well as the square-footage cost itself. If your business will be located within an office building, industrial park, shopping center or...
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...