The Boston office market finished the first quarter of 2015 in an overall positive standing. It concluded the quarter with vacancy rates averaging at 9.1%, not a significant change from the previous quarter of 9.2%, however, vacancy rates have been consistently decreasing among all types of office spaces, i.e. Class A, Class b, and Class […]
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 […]
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 […]
According to the Merriam-Webster Dictionary the word suburb has three different meanings that are all related. The first definition is an “outlying part of a city or town”, the second is “a smaller community adjacent to or within commuting distance of a city”, and the third is “the residential area on the outskirts of a […]
A new Kendall Square startup, coUrbanize, creates websites which serve as a meeting place to hold community project and development discussions. This “has become a player in Cambridge civic life” according to Cambridge Daily. coUrbanize recently took a look at “bankification” in Harvard Square and Central squares and compared the number of banks to cafes. […]
With property values rising across the country, home and commercial property owners are more open to the idea of selling. If you’re ready to unload your commercial property, a few tips can help you keep a level head throughout the process. Get the most money for your property with small do-it-yourself upgrades. You can raise […]
They’ve been referred to as millennials, Generation Y, or eighties babies. Whatever you choose to call them one fact still hold true: the demographic of people born from the early 1980’s the late 1990’s to currently represent 28.5 percent of the population. The 28.5 percentage means that they are the single largest group accounted for […]
Peter Mayfield of ABG Realty recently represented the seller in the transaction of 389 Main Street in Malden for $385,500. Thayer Morgan of Century 21 represented the property’s buyer, In Vitro ADMET Laboratories LLC. 7,236 square feet of office and lab space was sold to the Maryland-based pharma company. In Vitro offers products and contract […]
The amount of available office space in Boston’s Financial District has reached a five-year-low. While much of this can be credited to the ongoing economic recovery, brokers attribute the rebound to the influx of companies moving downtown. With limited available space and rents still as high as $50 per square foot in Kendall Square and […]
There are currently 2.5 million square feet under construction in the city of Cambridge. From Central Square to East Cambridge, commercial real estate development is thriving. A great deal of this construction consists of lab space for tech and pharmaceutical companies. One reason for this is the Commonwealth is looking to take advantage of the talent […]
