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Boston Commercial Real Estate Trends to Watch in the Second Half of 2026
Boston’s commercial real estate sectors entered the second half of 2026 at different stages of recovery, with office and living rents approaching greater stability while retail and industrial rents continue to face downward pressure.
A Star Is Reborn
After losing its longtime university anchor, New Bedford’s historic Star Store is preparing for a new chapter. The 125,000-square-foot downtown landmark is being reimagined as a creative hub for artists, makers, organizations and small businesses, with more than 100 prospective tenants already expressing interest.
Why Is a Needham Firm Offering $934 Million for 117 JCPenney Properties?
Needham-based Onyx Partners has proposed paying $934 million for 117 JCPenney-occupied properties across 35 states, including one in Peabody—but the nearly $1 billion bid is as much about rental income and underlying real estate as it is about retail.
Union Point’s Next Chapter
A $65 million land sale is opening a new chapter for Union Point, the 1,400-acre former South Weymouth Naval Air Station. After nearly 30 years of changing developers and ambitious plans, the latest vision calls for 6,500 homes and 2 million square feet of commercial and retail space.
Historic Theaters Hit the Market
Two historic Greater Boston theaters are on the market for $12 million each,but the beloved venues inside aren’t going anywhere just yet. The sale of the Somerville Theatre and Capitol Theatre buildings highlights the intersection of commercial real estate investment, historic preservation, and the future of longstanding cultural institutions.