The office market is strong within greater Boston and hasn’t this active with positive rent growth and absorption since 2007. This is due to a couple of components; flight to quality, migration to Boston from suburban markets, new companies entering the market and companies within Boston expanding.
The Boston Business Journal notes, the strength of the market; “greater Boston’s office market achieved more than 2.8 million square feet of positive absorption last year, the strongest showing since 2007”
What’s the fastest route from East Boston of South Boston and the Seaport? Not the Big Dig, but rather increased ferry service.
Branker and Tradesman is reporting that “the city of Boston has been awarded $1.28 million in federal grant money to buy two ferries that will travel between East Boston, South Boston and Charlestown. The new service is aimed at meeting the growing need for transportation across Boston Harbor and spurring economic opportunity by creating new transit connections between residents and jobs.”