In the first quarter of 2015, the Boston industrial market showed minimal change from Q4 of 2014. The vacancy rate stayed the same in both quarters, at 8.0%; however, that number was down from Q3 of 2014, where the vacancy rate was at 8.3%. The overall vacancy rate for flex and warehouse projects went down, […]
The commercial real estate retail market has experienced minimal change in the first quarter of 2015. The retail market saw the vacancy rate held at 3.9%; vacancy rates are determined by a “percentage of the total amount of physically vacant space divided by the total amount of existing inventory.” The Boston retail market includes the […]
photo by:http://blog.ucsusa.org/solar-power-blooms-across-the-country-121 As the world is pushing for more ecologically-friendly energy sources, the people of Boston are responding by increasing clean, renewable, and sustainable energy sources, such as solar energy panels. Solar energy panels work because of the photo-voltaic process, which is a chemical phenomenon that occurs when an electrical charge, or voltage, is generated […]
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 […]
We spend one third of our entire life sleeping, so it’s worthwhile of paying big money for a really nice bed. It is the same when it comes to office space. We work approximately 8 hours, a.k.a. one third of a day. If staying and working (or not working) at the office feels like the […]
In the past decade, the commercial real estate industry has been going through its ups and downs. From 2000 to 2010, large numbers of commercial real estate companies had been showing up but the industry revenue didn’t catch up with the speed of increasing companies. Then the winter came with the economic recession, busted the […]
1. A coffee house that matches with consumers’ lifestyles. If your sweet spot is located in an area crowded with colleges and offices, make a little effort to make the place comfortable for working and socializing. If your sweet spot is located in an area with significant high foot and car traffic, give some thought […]
Already finished the research about consumers and competitors in a specific area you want to jump in? Good! Then, it’s time to pick up a space to start your restaurant. The direct asking rent per square feet for a retail space normally is lower than a restaurant space. Renting a retail space seems a good […]
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 […]
President Obama released the budget of $100 million in federal fiscal year 2015 supporting the MBTA (Massachusetts Bay Transportation Authority) Green Line Extension project (GLX) which benefits the economy and environment of Somerville and Medford communities in the upcoming several years. “The Green Line Extension offers Somerville and the region both economic justice and environmental […]
