Low interest rates coupled with a high activity of development along the Route 128 corridor has persuaded yet another Landlord in the Newton market to divest a few of his properties. Furthermore, the urban infill sector has become extremely competitive over the past 18 months, with Needham and Newton both reaping the benefits of an improved economy and a rise of multifamily and retail offerings on the Needham Street corridor. This has led to more businesses coming to the area and more tenants looking for office space within each market.

For more information on movement within the newton and needham commercial real estate markets, click to view the RealReporter’s pdf.