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Local Boston & Cambridge Commercial Real Estate News from Industry Experts.

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As Boston’s popularity and population grows the city has been looking for ways to deal with its shortage of available space. The city has historically been resistant to tall towers; however, it seems to be one of the few options to increase space. Building up current buildings will help the shortage and traffic.

According to Bisnow, Bostonians spend an average of 58 hours in traffic.  Companies are looking to move into the city to avoid traffic but are finding it tough to relocate with the lack of available space. Boston has become the 3rd most expensive city in the U.S. to rent because of the low supply. Building up would hopefully alleviate this increase in prices. The city must look to remove their high limitations of 400 feet in order to accommodate the city’s growing population.