A newly redeveloped East Cambridge office tower has transferred to Brookfield for a reported $1, along with nearly $232 million in outstanding construction debt. The sale of 40 Thorndike Street highlights the ongoing challenges and shifting dynamics shaping Greater Boston’s office market.
Source: Goodwin Commercial real estate is kicking off the year with renewed energy. Several sectors are showing signs of resilience and growth — from data centers to offices and luxury retail. As moderating inflation and stabilizing financial conditions lift investor confidence, a broader recovery in commercial real estate is likely around the corner. On March […]
Source: Avison Young – Boston Office Market ReportOffice leasing momentum increased in late 2025, with several Boston submarkets reporting stronger renewal and relocation activity, according to Avison Young’s latest office market report. Much of the demand is concentrated in modern, amenity-rich buildings, as tenants continue to consolidate into higher-quality space. Large renewals and expansions helped […]
By Randyl Drummer, Ryan Ori, Katie Burke As far as commercial real estate services firms are concerned, dealmaking is back. After years of trying to predict when the industry would improve, the five biggest of those companies — CBRE, JLL, Cushman & Wakefield, Colliers and Newmark — raised their financial outlooks for 2025 after posting […]
Activity surges to highest level in more than five years By Phil Mobley Growing economic uncertainty was not enough to stem the tide of tenants’ appetite for U.S. office space in the first quarter of the year. Office-seeking companies leased an estimated 115 million square feet in the first three months of 2025, according to preliminary […]
By JLL In the past 12 months, Boston has emerged as the top major market in the United States for workers returning to the office. According to foot traffic data from Placer.AI, office attendance in Boston has increased by 10.3% during this period, marking a significant improvement from a year ago when the city lagged in […]
By Greg Ryan A unit of the German software maker SAP is subleasing a floor of office space at 60 State St. in downtown Boston, nearly doubling its footprint at its Watertown location. SAP LeanIX (NYSE: SAP) is taking about 25,000 square feet from LinkSquares at the Boston office tower, with plans to move into the […]
By Greg Ryan The downtown Boston office market has captured the lion’s share of local attention — and alarm — since Covid-19 upended the five-day, in-office workweek. But now there’s cause for concern across the Charles River for the 12 million square feet of offices in Cambridge. A CBRE report this month found that, for the first time since the […]
By Ryan DiLello Somernova wants to build an additional 1.6 million square feet of space focused on climate tech onto its innovation campus off Somerville Avenue. A 10-year development plan, which includes a community center, was shared during a public meeting Sept. 25 that drew more than 100 people to Somernova’s community space, The Dojo. While […]
By Ashley Fahey The outlook for the U.S. office market remains bleak, with the national vacancy rate hitting another high in the first quarter of this year and losses continuing to mount on loans backed by towers across the country The vacancy rate reached 19.8% in Q1, a new record by Moody Analytics Inc. standards and a rate that’s 50 […]
