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.

0 Boston Occupancy Grows in Q2

Posted on August 9, 2014 by Wil Catlin

Over the 2nd quarter of 2014 the greater Boston office tenant gobbled up 25,555 RSF per day. Not just week days, but weekends included, which dropped our vacancy to 16.3 percent. What does that mean in building size? 2 Prudential Towers of activity.

From BostonSF.com:

“The amount of capital looking to be deployed in the Greater Boston market is abundant and aggregate sales volume is on pace to be the highest level since 2007.”

0 The Boston Globe is on the Move, Literally

Posted on July 11, 2014 by Wil Catlin

Credit: The Boston Herald

The new ownership is in the midst of some significant changes on the look and feel along with the location. It will be interesting to see what becomes of the 16.5 acre complex in Dorchester that has housed The Globe since the ’50. Additionally, a 150K tenant in the market with garnish many developers and may be the catalyst to get another project out of the ground.

From the BBJ:

“Boston Globe owner John Henry has hiredColliers International to search for the space that would house the Globe’s editorial, advertising and administrative offices. Commercial real estate sources familiar with the search say Colliers has looked in the Seaport area, among other locations in Boston.”