Sewage Stymies Cape Housing Development
Cape Cod’s housing woes run much deeper, literally, than the problems facing other communities across the state.
Cape Cod’s housing woes run much deeper, literally, than the problems facing other communities across the state.
Housing experts, developers and business leaders have high hopes that the recently passed Housing Choice Act will boost housing construction in Massachusetts, reversing a decades-long decline in the number of units built each year in the Bay State.
It’s still a renter’s market for luxury apartments in Boston, but it doesn’t look like that’s going to last much longer after five straight months of rent increases
Like most other employers across the state, local real estate leaders are mulling how much office space they’ll need for agents and other operations after the COVID-19 crisis fully recedes and the economy slowly returns to a new normal.
It appears that the demise of the Cape Cod hotel industry due to the pandemic has been greatly exaggerated. If anything, many industry figures say the Cape lodging sector is emerging stronger than ever.
The pandemic is not over yet. Still, retail shop owners and restaurateurs in small downtowns across Massachusetts are starting to eye a post-pandemic future – and they’re hoping many of the successful emergency relief measures put in place to help them get through the COVID-19 crisis remain permanent features moving forward.
Even after the pandemic ends, most predict that demand for outdoor space, even if it’s only a sliver, will remain a high priority for many urban tenants concerned about their health and general well-being.
Office building owners better brace themselves for possible multimillion-dollar facility upgrades if they’re going to successfully lure back health-conscious tenants after the pandemic crisis finally eases.
In recent years, Revere has seen the construction of thousands of new apartment units and the opening of new hotels, restaurants and shops. But the activity has been so intense and rapid that many are concerned that it may one day squeeze out many of its largely immigrant and working-class residents.
Local developers of innovative housing insist the coliving trend – where renters share spaces such as kitchens, bathrooms, common areas and other amenities in exchange for lower rent prices – has not succumbed to the risks of COVID-19, despite reports of its demise.
An already strong industrial real estate market in Greater Boston got even stronger in 2020 as a result of a highly unlikely and generally unwelcome development: A pandemic.
The COVID-19 pandemic is accelerating the trend of shopping-mall owners rethinking how to reposition their properties amid the rise of e-commerce and consumers wary of venturing into enclosed retail shops and restaurants.
Multifamily building owners in Boston find themselves scrambling to fill thousands of empty apartment units. How far does the problem reach?
As the office market in Greater Boston continues to suffer amidst the pandemic – with firms listing more than 2.7 million square feet of office sublease space in recent months – the region’s life-science sector remains red-hot, as biotech and pharmaceutical companies continue to sign major leases and relentlessly look to expand.
Worcester is hungry for more life science success after pads at the 46-acre Reactory biomanufacturing park were rapidly bought up by firms eager to exploit its relatively close connection to Kendall Square.
Newton is suddenly experiencing its largest commercial building boom in decades – all via mixed-use projects – and city officials say they would welcome more.
Owners of new apartment buildings in the Boston area are facing unprecedented times trying to fill units amid the coronavirus outbreak and economic downturn that’s left many would-be tenants wary of moving into unfamiliar and oftentimes more expensive living quarters.
With Massachusetts’ ongoing supply-demand imbalance expected to continue as the COVID-19 pandemic abates, agents face a difficult environment as they try to adapt to a new normal.
As a result of the coronavirus crisis, the Cape hospitality industry is now looking at possibly the greatest year-over-year plunge in business in recent memory, as state social-distancing restrictions put a damper on business.
The shutdown of huge swaths of the economy due to the coronavirus emergency has put every part of retail, from department stores and luxury brands to mom-and-pops under siege.