by Lauren Shanesy – via CoStar If there are three words real estate professionals should consider heading into the next year, they are flexibility, convenience and resiliency. Those are the defining themes that came out of the annual Emerging Trends in Real Estate 2022 report, released last week by PwC and the Urban Land Institute. So, […]
The importance of building amenities in commercial real estate projects is growing. Location and area amenities, as a result, are becoming less of a focus. Whether your building is in development or you are looking to make changes to existing buildings, consider your tenant population and their added value. Neighborhood versus Building Amenities Traditional CRE […]
Boston has experienced a recent real estate boom especially in hotbed areas such as Kendall Square. With Massachusetts Institute of Technology situated nearby, the life science and technology markets have exploded within the Cambridge market. This boom has come with a price however, as rent prices for prime space have risen sharply with the decline […]
In the early 2000’s, open-office plans were the new hot commodity in the world of business. These open spaces allowed for a much welcomed break from the monotony of the traditional workplace. Conversation and interaction replaced the usual silence that one would experience when working in a traditional office filled with cubicles or closed […]
Construction of new commercial space is not only time consuming but it is also expensive. From start to finish, building a new space is a very large task to tackle. There is so much between expenses, different firms working together, as well as the actual construction where a mistake or holdup can cost a […]
When Amazon openly asked for cities to submit proposals for their second headquarters less than two weeks ago, naturally there was a great deal of interest. The e-commerce powerhouse has just begun their process, stating in a tweet that “every city is on an equal playing field”, but some say Boston could be a front […]
Agents everywhere are bound to eventually face the task of turning a less than appealing office building into a place where tenants will be excited to work. The rising number of millennials entering the workforce has in turn created a rising demand for trendy, creative, yet efficient work spaces. While reinvigorating an old space […]
As Boston undergoes a long-term growth strategy to develop and enhance specific neighborhood areas through community planning and land use, the commercial market demand for these areas will increase. The presence of major corporate residents has a cascading effect for corporate leasing opportunities with companies looking to expand their operational presence to attract top talent. Small […]
While the broad standards for business loans have remained unchanged, loan officers at U.S. banks reported tightening lending standards on commercial real estate loans and a weaker demand for both types. According to a quarterly survey conducted by the Federal Reserve, banks reported stricter standards for construction and land development loans as well as loans […]
Looking for a new way to save money and be more environmentally friendly? Smart windows have technology that can alter the tint of the window based on the weather. Currently in more than 1,300 buildings, these smart windows can either have active glass that lightens and tints in response to electricity or passive glass that […]
