Updates in the world of Commercial Real Estate
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 […]
With the Seaport “Innovation District” drawing in industry leaders like Reebok and GE, growing tech startups are beginning to fill the space left behind downtown. The modernizing economic climate in Boston has created a greater appeal for the waterfront locale. With new models for collaborative work spaces, company headquarters, and housing, the Innovation District has […]
On March 15, the Federal Reserve announced their decision to raise the short-term interest rate to 0.75% – 1%. The Federal Reserve Report on Monetary Policy reports that rates are expected to continue rising to accommodate changes in labor market conditions, levels of inflation, and financial and international developments. The predicted trajectory for future rates […]
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 […]
photo by: http://www.care2.com/greenliving/a-farm-to-table-restaurant-with-organic-appeal.html Farm-to-table is the new trend, and Boston’s restaurant scene has really picked up on it. From sourcing ingredients from local food vendors and becoming a true part of the neighborhood, farm-to-table restaurants are receiving tremendous success right now. Most of these farm-to-table restaurants have an atmosphere different from any other type of […]
This year is Boston’s 119th hosting of the Boston Marathon. On April 20th at 8:50 in the morning, the first wave of runners will be released. The trek is run by more than 35,000 athletes, 98 percent of which finish. Groups of male runners, female runners, and handicapped racers all compete for the best times. […]
Anyone living in Boston or in the surrounding areas know to start wearing rain boots, as our snow is finally melting sporadically in 40 degree temperatures. This past February has beat records as the snowiest four weeks Boston has ever had. Our last record from 2005 was toppled by more than 15 inches, placing us […]
Office space in Cambridge is always in great demand. The overall vacancy rate of office market in Cambridge declined from 10.8% in 2012 to 9.0% in 2013. According to the Greater Boston Market Viewpoint Report conducted by Colliers International, the direct asking rent for Class A and Class B office in East Cambridge have both […]
