by Boston Planning & Development Agency, Research Division. The COVID-19 pandemic and resulting business closures caused a sudden unprecedented spike in unemployment in Boston as in much of the country. Boston’s unemployment rate peaked in June 2020 at 16.1 percent, a dramatic increase compared to 2.6 percent unemployment in March 2020. Boston’s unemployment rate fell […]
by Boston Planning & Development Agency, Research Division. Driven in part by the COVID-19 pandemic, demand for biomedical research has strengthened growth trends in the life science industry in Boston, impacting both real estate and employment. According to CBRE, the city of Boston has over 12 million square feet of life science lab space, with […]
by Steve Adams / via Banker & Tradesman A lease by a second major tenant could fill up the 1 million-square-foot One Congress office tower at Boston’s Government Center well before its scheduled completion in January. Developers of the 600-foot tower and future State Street Corp. headquarters are in talks with a tenant that could […]
Nearly two years into the pandemic, a street-level survey finds the hub of science and research remains sparsely populated. by Scott Kirsner – via The Boston Globe What is Kendall Square like during the third wave of the pandemic? I wanted to understand how Cambridge’s celebrated cluster of innovation felt and who was working there. […]
by Katherine Bindley and Chip Cutter | via The Wall Street Journal New survey of more than 10,000 knowledge workers found 95% want to set their own hours. Workers, flush with power as employers raise wages and scramble to fill open jobs, say they care even more about flexible schedules than whether or not they go into an […]
by Lisa McDuffie | via connectcre.com Boston led the country in office market recovery in October thanks to a high number of tenants in the market and strong leasing activity, according to CBRE’s monthly “Pulse of U.S. Office Demand” report. “The life science industry was once again a strong driver in Boston’s recovery, though we are […]
shadow office space Addressing shadow office spaces can enable landlords to turn a potentially negative situation into a positive one. By understanding its cause and using some creativity to address it, landlords can leverage these spaces to the benefit of the property and other tenants. Understanding the Cause of Shadow Office Spaces In order to […]
The Boston market is continually shifting and morphing based on commercial activity and changes to different industries. As we progress through 2019, it is helpful to look back at 2018 and the most recent CRE developments. How might these Boston commercial real estate market trends impact the 2019 market? Shared Office Space Growth Although not […]
Technology has changed the way we all live and work. As a result, technology infrastructures are a critical component for acquiring and retaining CRE tenants. What are the must-have commercial real estate building tech features? 1 – Internet Connectivity One hour of lost connectivity can be detrimental to most modern businesses nowadays. The same applies […]
There are strategies in commercial real estate that can significantly increase the value of a property and even cultivate lasting change in the community. A proper tenant mix is one of those strategies. Creating the right tenant mix can facilitate consumer spending, boost the local economy, and positively influence demand for your space. Below is […]
