Common Misconceptions About the Massachusetts MBTA Communities Act and Its Impact on Commercial Development
The Massachusetts MBTA Communities Act, a legislative initiative aimed at facilitating housing development near transit stations in Massachusetts, has spurred much discussion among stakeholders in the real estate industry. As with any impactful legislation, there are...
What is the “200% Relinquished Property” Rule in 1031 Exchanges?
What is the “200% Relinquished Property” Rule in 1031 Exchanges? A 1031 tax-deferred exchange is a valuable tool for real estate investors looking to defer capital gains taxes when transitioning from one investment property to another. While many investors are aware...
Obstacles to Converting Commercial Properties to Residential Space
In recent years, the commercial real estate landscape has undergone a seismic shift, driven by economic factors, technological advancements, and the lingering effects of the COVID-19 pandemic. The rise of remote working and e-commerce has had a significant impact on...
The Future of Co-Working Spaces in Massachusetts
Massachusetts, a state renowned for its rich history, prestigious educational institutions, and thriving tech ecosystem, is no stranger to the rising trend of co-working spaces. Over the past decade, co-working has transformed from a niche option for freelancers and...
Multi-family Sector Stable, Poised for Growth in Boston Metro
While commercial real estate analysts have a cautious outlook these days, the Boston multi-family sector is holding steady and poised for growth. According to a first quarter 2023 report by Colliers, Boston's multi-family vacancy rate is in line with 10-year...
Free Lunch Perks Could Bring Employees Back to Boston Offices
There's no such thing as a free lunch - unless you work for one of the 85 Boston area companies offering free, daily meals! As some employers struggle to entice workers back to the office, others are finding that free lunch brings people back together. According to a...
Boston Metro Commercial Real Estate Faces Headwinds
A Boston-based Real Estate Investment Trust has projected a national recession for commercial real estate, according to a February article in Boston Bisnow. The CEO of BPX, Owen Thomas, declared that commercial real estate is "currently in a recession" during an...
Steady Business Conditions Expected for Greater Boston
The first Beige Book report of 2023 from the Federal Reserve Bank of Boston was released January 18. As the first release of the New Year, it reviews local business conditions from previous months, and offers a projection for the months ahead. Here are highlights for...
Issues Boston Commercial Real Estate Investors Should Consider
Boston Metro commercial real estate has been popular with global investors for decades. Historically, our market has bounced back from economic challenges more readily than other U.S. cities, thanks to our diverse, growing economy and strong academic institutions. Yet...
Subleasing Grows in Boston Metro as Office Vacancies Rise
The Boston Metro office market closed 2022 with a turbulent fourth quarter, hitting a record vacancy rate of 17.4%. According to data from Collier's, Boston had 369,000 square feet of negative office absorption in the fourth quarter of 2022 alone. For the year as a...