Category Archives: Boston Investment Properties

0 Boston Office Market Reflects Recovery

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office building at 121 high street in BostonBoston is on the move and the migration of tenants downtown continues. Rents continue to rise while vacancy continues to drop; that signals a recovery. The next piece that is on the forefront is speculative construction, which usually appears when vacancy drops below 10 percent.

The World Property Channel, quoting figures from Jones Lang LaSalle, notes that “high employment in the high-tech sector and life sciences are the industry’s major drivers in the region’s recovery, growing at 9.8 percent and 5.0 percent year-over-year, respectively.”

Additional figures are available on the World Property Channel website.

Related Commercial Real Estate Listings
Boston Office Space for Lease

0 New Construction Yields Jobs in Boston

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Two Cambridge Place office building from outsideJobs, Jobs and more Jobs. The construction industry is in the midst of a very strong rebound from recent years. As you drive around Boston, you’ll notice the skyline littered with construction cranes from the Seaport to Back Bay; that means the once soft construction industry is on a frantic pace to keep up with the supply of new office buildings and residential communities.

A Banker & Tradesman editorial examining the economic impact of the construction boom, indicates that it has “pushed general contractors and builders across the Greater Boston region to increase their ranks with project and assistant project managers, superintendents and business development professionals.”

B&T subscribers can read the complete article on the building surge.

Alternatively, you can jump over to BostonOfficeSpaces to view all available commercial real estate in Boston, or office listings in Cambridge.

0 Boston Office Spaces: Rent and Construction Climbs in 2013

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Office building at 110 Chauncy St in BostonThe price per square foot for office space in Boston is headed up in all sub markets and in all building classes.  Last year many areas rebounded while others continued to lag behind. 2013 marks the change; with demand strong, rents will continue to rise.

A Boston Business Journal report on the 2013 market growth, referencing a Jones Lang LaSalle’s Spring Skyline Review, notes, “Boston is seeing favorable trends in demographics and exposure to growth sectors…The Hub’s downtown submarkets appear to be entering a new chapter in each of their respective history books with the Financial District seeing results in filling up the low-rise portions of towers, as well as a transformation into a true work-play-live submarket.”

For more information perspective on the national office market, read the BBJ’s Supply and demand to tip scales in 2013.

Related Commercial Real Estate Listings
Current office space available in Boston

0 Boston Offices Susceptible to Major Flooding?

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250 summer street in south bostonShould you worry about where your next office is located in Boston? Well, I would say no, but a Boston Business Journal editorial provides some real insight into what could happen on an extreme level. The real interesting piece of this is where do groups put data centers. Safe to say data centers are located outside these possible effect areas.

The complete BBJ article explores the plausibility that a “Sandy-strength storm could put nearly 7 percent of Boston underwater.”

0 Nationwide Rent Growth Expected in Office Sector

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CoStar Group LogoRent growth is expected nationwide in the office sector. According to a CoStar Group Year-End 2012 report, “tenant demand for office space ended 2012 on a strong note as occupancy gains spread across a broadening array of U.S. markets, opening the door for widespread rental rate increases this year.”

For complete details, jump over to Costar.com to read the full report. Continue on to our listings page to view available office space for rent in Boston.

0 Boston’s New Developments Showcased on the BBJ

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Kensington apartment building on washington street in boston

Photo Credit: Boston Business Journal

Nine new Boston development projects are scheduled to open in 2013 and the calendar is filling up with 2014 openings as well.  Our city landscape is changing with new residential communities and office buildings.

The Boston Business Journal posted a preview of the upcoming buildings in a slide show, here.

0 800,000 SF of Christian Science Plaza Development Rights Sold

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Exterior of Christian Science Plaza on Huntington Ave

Photo Credit: Wikipedia

The Back Bay skyline is poised to change with the addition of 800,000 SF, mixed use project by Carpenter & Company at the Christian Science Plaza on Huntington Avenue. The Back Bay office market continues to be one of the tightest with vacancy rates ending 2012 just below 5.8% and Class A rents nearly $56.00 PSF.

An article on The Real Reporter notes “the 800,000 sf that can be produced on the two sites could be in the $650 million range and would in one expert’s view “be perfect” for a hospitality use or mixed-use project similar to the Charles River Hotel across the river in Harvard Square.”

Additional details about the project are available on The Real Reporter’s website.

0 Two Liberty Square in Boston’s Financial District Sold for $18M

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Two liberty square office building in boston's financial district

Photo: courtesy of Jones Lang LaSalle via Boston Business Journal

Another Class B Financial District office building is said to have traded hands; 2 Liberty has reportedly been acquired by Urdang.

Coverage on the Boston Business Journal offers the following background on the building:

“Built in 1913, the 64,357-square-foot boutique office building was designed in the Beaux Arts style by Peabody & Stearns. It was renovated in the 1990s and combines historical architecture with modern infrastructure. It is located near Post Office Square, Faneuil Hall Marketplace and the Rose Fitzgerald Kennedy Greenway. The property is 81 percent occupied with nine tenants, according to brokers.”

0 11 Beacon Street, Class B Office Space in Boston Trading Hands

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Office building at 11 Beacon Street in Boston, MAAnother Class B Financial District assets is said to trade hands; 11 Beacon is reported to go the Synergy Investments. The Class B market continues to see trades along with increasing rents; currently B product is pricing in the upper $20’s too low to mid $30’s depending on location and improvement package. According to CoStar the vacancy rate for Class B in the Financial District is 11.9 percent as of 12/31/12.

This pdf created by TheRealReporter.com offers details on the Class B office transactions.

0 DivcoWest Purchases Four Buildings in Boston’s Seaport District

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Divco WestDivcoWest adds four buildings to its Boston assets with a combined size in excess of 3 million square feet.

According to a report in Banker & Tradesman, “the properties were acquired for DivcoWest Fund III, an $870 million fund raised last year. The properties were purchased from a fund controlled by New York-based Brickman Real Estate. Terms of the transaction were not disclosed. The acquisition brings DivcoWest’s total holdings in the Boston Area to more than 3 million square feet of commercial property assets.”

Click through to read the full editorial on Banker & Tradesman’s web site.