Foreclosure activity in the state of Massachusetts continued to fall this quarter—signaling further economic recovery for the Bay State. The number of foreclosures in Massachusetts has remained under 1,000 for the fourth consecutive month, while petitions signaling the first step of a foreclosure have decreased by 38% year over year. 856 petitions were filed this […]
Mayor of Providence, Angel Taveras, released an action plan for economic development on March 27th, 2013. In an open letter to his constituents, Taveras discusses the economic challenges Providence was faced with when he assumed office in 2011. “Unemployment was too high, private sector investment was too scarce and our housing market continued to suffer […]
Google launched a new service called Google Shopping Express in San Francisco that allows consumers to order from nine retailers including Target, Walgreens, and Office Depot and have same day delivery service. The company is testing the service in hopes of expanding throughout the US. Those that signed up to be beta testers can order online […]
There are many reasons why recent graduates may leave Boston, but it turns out that many leave because of the job opportunities. Some believe the myth that students leave because of the high cost of housing, but when college grads do leave many go to cities with higher housing costs like New York and San […]
The latest commercial real estate figures have been published and Boston’s industrial market vacancy decreased to 10.6%. This marks a 0.3% decrease from a 10.9% vacancy rate in the third quarter. The vacancy rate for industrial properties has steadily from 11.1% in the first quarter of 2012. Flex project also experienced a decrease in vacancy […]
Figures for quarter 4 are out and Boston’s retail market remained relatively stagnant. In fact, the vacancy remained at a constant 4.4% between quarters and vacant subleased space only increased by a negligible 38,829 square feet. Over the past year, Boston’s retail market has experienced an overall decrease in vacancy rates from 4.5% in Q1 […]
Quarter 4 figures are out and Boston’s office market ended the quarter with a vacancy rate of 9.9%. The vacancy rate decreased from 10.2% during quarter three, indicating a higher demand for office space in the Boston area. In the first quarter of 2012, vacancy rates stood at 10.8% and have continued to decline steadily since. In […]
There is now an app available to iPhone users that allow you to keep taxi cab drivers in check. Many may know that some drivers take longer routes to hike up the fare, but this app, called Taxi Turvi, will allow you to calculate the optimal route. The smartphone app uses Google maps to provide […]
Would you ever consider living in a 295 square foot apartment? Growing US cities including Boston and San Francisco are trying to attract young professionals to the downtown area but the high housing prices make it difficult. A solution to this problem may be micro apartments. These units are tiny apartments with one main room […]
Commercial property tax has increased in and around the Boston area. The 2013 numbers are out and communities such as Everett, Framingham, and Holyoke experienced increases in their already sky high rates. Everett’s commercial property rate is much higher than any other city in the area at $43.04 for every $1,000 of assessed property value. […]
