0 Boston Class A and Class B rents 62% tighter than pre-recession peak

Boston office statsOffice rents in Boston
The Class A & B office space in Boston has never been closer than what we are experiencing now. The rents low rise Class A and Class B are near identical with the differentiators being loss factor, amenities and fit up from union versus nonunion general contractors.

Click to download the full  Rising Market report.

0 Boston Workplace Trends Emphasize Activity-Based Design

Cool, modern offices

Credit: Bisnow

Boston office design still includes the basics, but now a genuine focus is placed on employee retention. Flexible, creative and communal space are the buzzwords that are exchanged when office tenants share their ideas of what their new space should embody.

Biznow takes a deep dive into a recent report released by architecture firm Ted Moudis Associates, assessing the evolution of office design over the last year, notes the following in its conclusion:

Instead of trying to find one seamless solution for everyone, organizations are working to develop new spaces that will cater to different working styles in order to encourage a balance between effective and efficient workspaces. 

“People come to the office to connect with colleagues and so that interaction with the education aspect and learning from their peers and the senior leadership in the office [is important],” [Ted Moudis Associates Director of Workplace Strategy Jamie] Feuerborn said. “I think they want choice. If I want to do heads down focus work I have a place to go, if I want to connect with colleagues I can choose to sit in a different environment to do that.”

For more information, jump over to Biznow’s complete coverage.

0 Verizon to Open Cambridge Co-Working Office Space

cambridge shared office space from Verizon

Credit: BBJ

Your phone provider could be your new office landlord. Verizon is dipping into the market by converting former telecommunication space to office space and partnering with Alley to run it.

From Bizjournals.com:

“Alley, powered by Verizon,” the new membership-only, 10,000-square-foot space in Cambridge is scheduled to open at the end of June at 10 Ware St. The facility served as a central office for Verizon (NYSE: VZ) that previously housed network and telecommunications equipment.

0 Cambridge Foundry Building on Rogers Street Eyed for Redevelopment

Foundary Building at 101 Rogers Street in Cambridge

Credit: Wicked Local

The City of Cambridge has plans for the Foundry Building at 101 Rogers Street.

According to an article on Wickedlocal, “the redevelopment plans call for five high-traffic “destination spaces,” including a redesigned lobby, a black box theater/assembly hall, a community room, a kitchen and a workshop and five flexible “interstitial spaces” with classrooms, multi-purpose rooms, studios, a gallery and a mix of nonprofit and for profit office space.”

You can read the full article on Cambridge.Wickedlocal.com

Available Office Space
Cambridge office space for lease

0 Analog Devices Moves ‘Innovation Lab’ to Downtown Boston, Triples office space

Oxford Properties 125 Summer Street is new home for Analog Devices innovation lab. Citing ease-of-access to public transportation as a key influencer in its decision to move to 125 Summer Street in Boston’s Financial District.

Analog garage cambridge

Credit: Bizjournals

From the BBJ:

Analog Devices Inc. is more than tripling the size of its startup incubator and emerging technologies lab in a move from Cambridge to downtown Boston — an expansion that will allow the Norwood-based multinational semiconductor company to hire an additional 80 to 140 workers for its emerging-technology group.

The [125 Summer St.] office provided the best mix of easy access to both the MBTA Red Line — a must for a company with roots at MIT, and an employee base that lives in Somerville and Cambridge — as well as what O’Doherty called the burgeoning startup culture of both downtown and the Seaport.

0 Boston Commercial Real Estate Market Ripe for Investors

Boston Skyline over the Charles

Credit: Commercial Observer

The Boston area real estate market continues to offer investors a relative bargain compared with other markets when you consider rents, office space availability, workforce, employment numbers, and new construction.

Commercial Observer lists out the top ten reasons why investors should keep their eye on the area:

  1. Office vacancy is the lowest it’s been since before the Great Recession.
  2. Office asking rents are the highest they’ve been since before the Great Recession.
  3. These higher rents include even Class B space.
  4. Job growth in the Boston region is exploding—just look at GE.
  5. And look at the biotechnology industry.
  6. Boston’s office landlords are upgrading existing spaces and adding relatively little new inventory.
  7. Eataly, etc.
  8. The hotel market is one of the nation’s hottest—and tightest.
  9. As for Boston’s multifamily market, it’s nearly impossible to find one with better fundamentals.
  10. The region remains a relative steal.


0 Co-working Office Space Portends Modern Commercial Real Estate

WeWork Boston


It is clear, Co-working is a valuable resource when launching a company.  Depending on, in part your age, or size of your company, shared space is by far changing the traditional office environment. No longer are we a society of cubes and offices; we now have huddle rooms, phone booths, collaboration stations and quiet spaces.

There’s a variety of co-working options and environments available to applicable enterprises; for instances, at WeWork businesses can receive the following:

A shared workspace in a common area. When you purchase a Hot Desk, there is no need to reserve a particular workspace in advance each day; you can come and go as needed and use any available desk.

This plan includes access to our digital Member Network, events, and services, 24/7 keycard access at your home location, as well as 2 monthly credits for reserving workspaces and conference rooms.

An assigned desk space in a large open area shared with other members. This dedicated space comes with a lockable filing cabinet for your personal belongings. Desktops may be set up and left overnight. This plan includes access to our digital Member Network, events, and services, 24/7 keycard access at your home location, as well as 5 monthly credits for reserving workspaces and conference rooms.

A fully enclosed, lockable office space. Your company can add on more offices as you grow. This plan includes access to our digital Member Network, events, and services, 24/7 keycard access at your home location, as well as monthly credits for reserving workspaces and conference rooms that correlate with your office size (minimum of 12 credits for a 1 person office).

You can read more on the Daily Free press website.

0 Mass Jobless Rate Dips to 15-Year Low

commercial development in Boston

Credit: Bizjournals

“Make it in Massachusetts”  Our economy is strong, companies are hiring, and we have achieved a new low; the lowest unemployment rate since 2001.

According to the BBJ, “Massachusetts’ total unemployment rate dropped to 3.9 percent in August from the previous month’s 4.1 percent — a new low that hasn’t been seen since 2001 — according to the state…Preliminary estimates showed the state gained 5,900 jobs over the month, the Executive Office of Labor and Workforce Development reported.”

Further details are available on the Boston Business Journal’s website, here.

0 Cambridge Office Building Slated for 145 Broadway in Kendall Sq.

Kendall Square office building

Credit: Boston Globe

The E. Cambridge office market will continue to grow with a 454,000 square-foot project from Boston Properties. Currently that market is just under 12M Square-feet of Class A project with vacancy under 5%.

According to the Boston Globe, “the Cambridge Planning Board next month will consider Boston Properties’ designs for a 454,000 square-foot, 19-story, office building at 145 Broadway. It’s the first phase of nearly 1 million square feet of new development that Boston Properties is planning on land it owns along Broadway and Binney Street in the booming biotech district. Later phases include more office space and a large apartment and condo building that would reach as high as 34 stories.”

Additional details are available on the Boston Globe website.

0 Boston Ranks Among Top Office Markets in U.S.

rendering of 130-140 northern avenue office building

Credit: Bizjournals.com

Boston ranks 6th nationally for office vacancy.

According to a report on the BBJ, “at 12 percent vacancy, Boston’s office market dipped by 1.2 percent year-over-year and was the sixth-tightest in the U.S., the report said. New York and Washington, D.C. ranked as the tightest office markets, each with 9.1 percent vacancy, followed by San Francisco at 10.2 percent and Seattle at 10.9 percent.”

Additional details are available on its website, here.