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Is it getting better? Commercial real estate tends to move slowly
by Bill Pastuszek In reviewing the year so far, what are some of the factors that are influencing markets? For commercial real estate (CRE), what are some signposts that may help to understand what is in the offing? How is New England doing compared to other markets? First, the Fed. The “benchmark” federal funds rate sank […]
Manhattan Office Sees Highest Net Absorption Levels in Decade
By Anthony Russo Demand for office in Manhattan is picking up to levels not seen in 10 years as the sector continues to recover from the pandemic, according to the latest market report from Transwestern. Net absorption in the city exploded to 5.7 million square feet in the three months ending September- the highest levels seen in […]
Amid lab space glut, a big lease at last
By Jon Chesto It took longer than expected,but The Davis Companies’ big bet on Watertown Square is paying off with the region’s largest lease deal for newly built lab space so far this year. Davis and its partner Boston Development Group just inked a deal with serial biotech entrepreneur Greg Verdine that would bring two of Verdine’s […]
IRS again delays small-business tax-reporting requirement
By Andy Medici The IRS has delayed a requirement that business owners and freelancers report more than $600 in income from platforms such as PayPal and Venmo. The agency in a recent notice said it will instead phase in that reporting requirement over the next few years. Taxpayers will be required to report total income of more than […]
Incomes stay strong, and the technical recession that wasn’t
By Christine Cooper and Chuck McShane The Commerce Department released revisions to past data last week that showed the economy grew more quickly in all but four quarters since the beginning of 2019. The revisions wiped out one of the two consecutive quarters of negative growth in early 2022, negating earlier reports of a technical […]
How does Massachusetts stack up in the economic battle among states? A new benchmark offers an in-depth look.
By Larry Edelman To paraphrase a popular business maxim — most frequently attributed to management guru Peter Drucker — you can’t improve what you don’t measure. To that end, a leading business group on Monday unveiled the Massachusetts Competitive Index, a new gauge of the state’s economic strengths and weaknesses designed to show how we compare against […]