0 Massachusetts Named ‘Most Innovative economy’

Posted on November 7, 2016 by Wil Catlin

Credit: Boston Business Journal

According to the smart folks on the left coast, Massachusetts earned the top spot for startups in the country.

From the BBJ:

Massachusetts took the No. 1 spot yet again on a biennial innovation report from an influential California-based economic development think tank.

The ranking, released Oct. 24, “endeavors to benchmark states on their science and technology capabilities and broader commercialization ecosystems that contribute to company growth, high-value-added job creation, and overall economic growth.”

You can read the full article on the Boston Business Journal.

0 GE’s Fort Point Channel HQ Gains Approval

Posted on November 7, 2016 by Wil Catlin

Credit: Boston Globe

The new GE headquarters has moved closer to a reality in Seaport District of Boston.

The Boston Globe reports, “the board of the Boston Planning and Development Agency Tuesday approved the three-building complex, which includes a striking new 12-story glass building, topped off by a giant, sail-like solar “veil” and an illuminated GE logo. The project still needs zoning and environmental approvals, but GE said it on track to break ground early next year and have at least some of the three-building complex open in 2018.”

You can read the full article on the Boston Globe’s website.

0 Boston Class A Towers Experiencing Vacancy

Posted on November 7, 2016 by Wil Catlin

Office space on Huntington Ave. in Boston

Credit: BBJ

What Boston Class A towers are experiencing vacancy in the midst of a strong office market?

According to the BBJ, “many professional services firms are leaving the more traditional high-rise for gleaming new offices — most often on lower floors — in Boston’s Seaport District. And the wave of technology tenants taking their place aren’t interested in paying top dollar to take over high-rise leases. Rather, they have shown a preference to live, work and play at the center of a buzzing urban neighborhood…That’s increasingly left Boston with multiple towers with blocks of high-rise vacancy, as space closer to the ground gets ever more unavailable.”

The BBJ article further notes, “at the end of March, vacancy in high-rise offices (floors 23 and above) in the Financial District was at 16.3 percent, compared with 10.9 percent in mid-rise space (floors 13-22) and 7.4 percent in low-rise floors (1-12), per Cushman & Wakefield research.”

More information is available on the Boston Business Journal’s website, here.