By Michael Sasso Renters in some of the fastest-growing US cities are finally getting some relief after a few years of dizzying increases as developers roll out droves of new apartments. The Boise City, Idaho metro area has seen rents drop 6.2% over the past year after the local supply of apartments increased by about 1,600 […]
by Ben Knight / via UNSW Sydney Newsroom The next generation of supercooling materials can help keep cities cooler in summer and warmer in winter. A team from UNSW Sydney has developed new intelligent building materials that can help keep the temperature in check throughout the seasons. The innovative design adjusts the optical properties used in conventional heat […]
Boston has experienced a recent real estate boom especially in hotbed areas such as Kendall Square. With Massachusetts Institute of Technology situated nearby, the life science and technology markets have exploded within the Cambridge market. This boom has come with a price however, as rent prices for prime space have risen sharply with the decline […]
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 […]
The Business Monitor International upgraded their 2014 real GDP growth forecast from 2.7% to 2.8% with growth set to average 2.4% per year from 2013-2018. Our economy is recovering. With a growing external trade demand from the key US trade partners, including Canada, Mexico and the United Kingdom, both the industrial and office segments […]
The easiest and most efficient way to commute around and in the Boston area is by riding the T. It is a common use of transportation that many citizens use. The “T” has stations all throughout Boston and in neighboring areas. A nub on the T, connecting the Blue and Green Lines is Government Center […]
Bristol-Meyers Squibb, a pharmaceutical company based in New York, announced plans for a $250 million expansion in Devens. The expansion, motivated by tax incentives, will shift jobs from New York and New Jersey to the Bay State. The company plans to expand its biologics manufacturing facility, which was completed in 2009 for $750 million, as […]
Mayor of Providence, Angel Taveras, released an action plan for economic development on March 27th, 2013. In an open letter to his constituents, Taveras discusses the economic challenges Providence was faced with when he assumed office in 2011. “Unemployment was too high, private sector investment was too scarce and our housing market continued to suffer […]
Figures for quarter 4 are out and Boston’s retail market remained relatively stagnant. In fact, the vacancy remained at a constant 4.4% between quarters and vacant subleased space only increased by a negligible 38,829 square feet. Over the past year, Boston’s retail market has experienced an overall decrease in vacancy rates from 4.5% in Q1 […]
Mayor Menino announced plans to construct 30,000 new housing units in Boston by 2020.
