In our previous post, we mentioned that companies such as Neiman Marcus are placing a greater emphasis on smaller spaces. This trend is not limited to high-end retailers. In Massachusetts, small to mid-size vendors are reaping the benefits of the ongoing state and nationwide housing recovery. With the recession in its rearview mirror, the Massachusetts […]
by Byron Chen In the first quarter of 2013, Boston’s Industrial market has shown marked improvement in several areas when compared with data drawn from 2012. The market ended with an overall vacancy rate of 10% at the end of the quarter, decreasing from 10.4% at the end of the 4th quarter of 2012. The […]
by Byron Chen After the first quarter of 2013, Boston’s Retail market experienced minimal change in market conditions. The retail market saw its vacancy rate decrease from 4.4% at the end of 2012 to 4.3% at the conclusion of this most recent quarter. Vacant sublease space has trended down as well this quarter, finishing with […]
Millennium Partners announced it has signed a lead tenant for the Burnham Building redevelopment at the former Filene’s department store, this will help fill in a piece of the puzzle for Boston’s Downtown Crossing redevelopment. Arnold Worldwide will take occupancy of 125,000 square feet of office space at the Burnham Building in September 2014. The Burnham Building […]
Recently, the positive change in commercial cap rates could be attributed to the recovery of credit markets. Low cap rates and weak fundamentals have lead many to question the Fed’s low interest rates. These low rates may be excessively raising commercial prices. In a quote from FRBSF, “It’s true that cap rates are at historic […]
Agents Stephanie Deering and Jean Silva of ABG Realty recently leased the Everett Mills space in Lawrence to Pilo 5 Star Quality. The sewing contractor company was founded in 2006 by Hector Rosado and they work on a variety of products including swimwear, infant wear, dance wear, athletic apparel, and a number of accessories. Pilo is one […]
Florida-based Firehouse Subs has big plans. The chain, founded by two fire-fighting brothers Chris and Robin Sorensen, is expanding in the Northeast. Currently, the chain has two operating location in Massachusetts and has another on the way. However, the store that specializes in subs expects to open a whopping 85 locations in the next 5 […]
Stephanie Deering of ABG Realty recently conducted business with CrossFit Woburn to find a commercial real estate property that would suit all of their real estate needs. The lessor and lessee were able to find a convenient large open athletic facility in Woburn. This multi-tenanted complex came equipped with high quality turf and rolled rubber flooring […]
ABG Realty is pleased to present 3,000 sqft of extremely convenient Somerville office space for lease located at 10 Garfield Ave. Priced at a reasonable rate and located with easy access to Interstate 93, 90 min to downtown Boston and walking distance to Sullivan MBTA Station. The office is a 1,200 sqft semi-furnished space with 2 […]
Hi All, We would like to thank you for reading our blog and keeping up with our company updates. We hope you all have a great Thanksgiving weekend. We will return to blogging on Monday. Look forward to more things coming soon. ABG Commercial
