Amazon Expands Boston Metro Presence with Seaport Leases
Amazon's latest commercial real estate headline in the Boston Metro is its lease of 630,000 square feet of office space in Boston's Seaport district. The new lease at One Boston Wharf Road is Amazon's second commitment to the Seaport, following its planned occupancy...
Boston Metro Office Market Sees Rough Start to 2021
Boston Metro office occupancy reached significant lows during the fourth quarter of 2020, according to a recent article in Boston Bisnow. Rent prices posted a rare decline as vacancy levels increased and sublease activity spiked. As of December 2020, downtown offices...
PPP Most-Asked Question by Boston Metro Small Businesses
To answer the question we hear virtually on a daily basis relative to PPP monies for small businesses, it is our understanding that businesses must have used, or will use, the full amount of the initial PPP1 loan for authorized purposes on or before the expected...
Boston Metro CEOs Forecast the Future of Work-From-Home
An interesting article in the Boston Globe shared work-from-home forecasts from ten corporate executives from varied industries. The opinions shared offered insight regarding how work-from-home could shape the norms of employment in the Boston Metro. Here are the main...
Boston Metro Multi-Family Slump Won’t Last Forever
Apartment rents in the Boston Metro saw a rare decline in 2020, with a report by Boston Magazine citing a 17% drop in monthly rents. While this is certainly a concern for property owners, the long-term outlook for Boston’s multi-family sector remains positive. In the...
Pros and Cons of Work-from-Home by Angela Nuss
Our very own Angela Nuss, Director of Special Projects, has an article in the New England Real Estate Journal, published in the December 2020 Spotlights section. Angela shares her thoughts on working from home, as well as her opinion on the outlook for Boston Metro...
Businesses Expenses Paid with Forgiven PPP Loans Now Tax-Deductible
I thought it important to highlight a provision which I consider to be a true “game changer.” Specifically, relative to the tax deductibility of PPP expenses.
PPP Loan Facts for Boston Metro Small Businesses
If your business has fewer than 300 employees, and it has experienced a revenue drop due to the pandemic, you may be eligible for a second PPP loan, even if you already obtained a PPP loan earlier in 2020.
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.