2015 February | Boston Office Spaces

Credit: Bostinno.Streetwise.co

The city of Boston is growing its daytime and nighttime population and with that comes infrastructure, who steps in? The T. Well yes, it has been discussed for years, but the Greenline is adding six stops in Cambridge, Somerville and Medford. While some might argue that the Greenline is slow and clunky, yes it’s the old subway in the country, is still performs. By adding these stops commuters will gain affordable timely access to the city.

Bostinno.Streetwise notes the MBTA’s Green Line Extension project or GLX, calls for “a total of six new Green Line stops added in Cambridge, Somerville and Medford, as well as the relocation of the existing Lechmere Station. One of those planned stops is Union Square – a location which is due to receive its own billion dollar makeover.”

For more info on the GLX, jump over to Bostinno.Streetwise.

Credit: Bostonsf

The Seaport continues to show the market that it’s going to remain a dominate force in the Boston office market. Rents are up, vacancy is down and demand is strong. The challenge is the only new construction is Class A, so if you are seeking updated brick-and-bean, wait in line or be prepared to pay for it.

Alternatives that trade about $8 – $12 per square below would be Boston’s Financial District or the Leather District.

Indicative of the Seaport neighborhood’s appeal, BostonSF.com reports HFF recently closed a “$105.625 million sale of 3-building office portfolio Boston’s Seaport District…HFF announced that it has closed sale of three best-in-class, creative office assets totaling 221,064 square feet and 35 parking spaces.”

You can read more about the significant, three-building office space sale in the Seaport on Bostonsf.com.

Monthly Archives: February 2015

0 New Greenline Stops Bode Well for Cambridge Real Estate

0 Seaport District, Fort Point Channel Thriving