By John Worth & Savannah Delullo, Via Nareit Commercial real estate fundamentals continue to point to strong performance in the retail, multifamily, and industrial sectors with vacancy rates mostly declining on a year-over-year and quarter-to-quarter basis, robust rent growth, and positive excess demand. While there has been improvement in the office sector, the impact of […]
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 […]
Cranes are busily rolling up and down at 120 Kingston Street and construction workers are working hard on 1 Greenway. A couple blocks away at downtown crossing, the Millenniums Tower is rising. That is the scene you will see when walking through Boston Chinatown, the third biggest one in the United States. From the day […]
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 […]
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 […]
Waiting for the new episode of the True Detective or Once Upon a Time? Consider yourself a mystery, history or architecture fan? Stretch your legs and get ready to explore the fascinating historical Cambridge Common Historic District on a sunny morning. The Cambridge Common Historic District is a historic district located in one of the […]
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 […]
ABG Commercial Advisors Q4 Boston Retail Report The Boston retail market did not experience much change in market conditions throughout the previous year. The market ended the fourth quarter 2013 with an overall vacancy of rate of 4.3%, showing no change from the previous quarter. Vacancy rates stayed the same from the previous quarter at […]
Kung Fu Tea, the popular Brooklyn-based bubble tea brand, is expanding further into the Boston Area. Peter Mayfield of ABG Commercial was the sole broker in leasing the 1,460 square foot street level retail space to Kung Fu Tea, located at 3 Pleasant St. in Malden. This property makes the fourth location in the Boston […]
Fuji is coming to Somerville as part of the ongoing development of Assembly Row. Julian Lewis of ABG Realty was the sole broker in the transaction of 4,361 square feet of restaurant space between the JP Fuji Group and Federal Realty Investment Trust, the group behind the Row’s construction. This massive urban mixed-use development hopes […]
