Supply Glut Hits High-End Logistics Market
Speculative construction of new industrial facilities has ground to a halt in Greater Boston, as lower tenant demand and overbuilding have created a glut of high-end space.
Speculative construction of new industrial facilities has ground to a halt in Greater Boston, as lower tenant demand and overbuilding have created a glut of high-end space.
It’s been over 40 years since Tom Hastings started his homebuilding odyssey with the innovative Leisurewoods 55-and-over development in Rockland. Along the way, he’s turned bunkers into housing and helped transform the Hingham Shipyard.
Vacancy reached a new all-time high of 36.1 percent and asking rents continued to decline. But green shoots give reason for hope.
Economic and political headwinds have dampened travel spending and kept hotel operators focused on managing rising costs. Next year could be better.
Boston office-to-residential conversions are in danger of getting too expensive. Developers rushing into the space are bidding up the price of the few financially feasible buildings left.
The Massachusetts Appeals Court declined to hold an architect liable for advising its municipal clients to avoid working with a particular construction company.
We took a nondescript midcentury office building and designed a new home for the Boston public school that had educated Samuel Adams and Paul Revere.
Shane Herlet helps lead a company trying to up the ante in its industry with a new brand that combines hospitality-level living standards and urban locations.
The Blessed Sacrament Church’s transformation from historic asset into vibrant housing community shows the promise and complexity of adaptive reuse.
Developers have seen the bottom fall out of the Boston lab real estate market. But construction costs over $1,000 per square foot put most non-biotech tenants out of reach.
Massachusetts can be a winner in the federal government’s push to bring biomanufacturing back to the United States – if it plays its cards right.
Little tiny green shoots are poking up here and there, with leasing activity running well ahead of 2024 totals and the pace of vacancy growth slowing down.
To maintain Massachusetts’ leadership in global drug development, we cannot allow uncertainty and alarm bells coming from its biotech sector to paralyze us.
The deepwater port on Cape Cod has hosted research vessels for nearly 100 years. But replacing its main dock took years of permitting and consensus-building.
With vacancy rates elevated, demand softening and pricing still under pressure, the relative appeal of ownership has only grown. And it’s leading driving some major transactions.
Like other waterfront cities, Boston faces existential risk from climate change – not just rising sea levels, but also sudden rainstorms and extreme temperatures.
If we want to maintain momentum on climate goals, we must be strategic in how and when building performance is integrated into the construction process.
When one of its tenants vacated her apartment without using professional cleaning services, a landlord deducted $115 from her security deposit. It could face a class-action lawsuit.
The Wharf District Council faces its most daunting challenge: coming up with the actual funds to pay for what it says are vital protections for downtown Boston.
The Wu administration is focusing on how to wean Boston’s vast inventory of aging apartments off fossil fuels. But with electricity costs sky-high, landlord groups are wary.