The CRE Insider
Biomanufacturing was supposed to be a big part of the next “Massachusetts Miracle,” but tenant requirements have been cut in half in the last year. But its believers have faith in the sector’s durability over the long term.
Commercial building owners in Greater Boston face immediate decisions on strategies to comply with new regulations on emissions, decarbonization and energy efficiency.
Commercial real estate is facing a variety of headwinds as we enter the second half of 2023. Nevertheless, Boston has historically proven to be one of the most resilient real estate markets, nationally and globally.
A major shortage of available rental units has pushed apartment prices to all-time highs in the Greater Boston area. The data suggests this is fundamentally rooted in a supply delivery conundrum.
We sold through more than half of our available inventory within a matter of months after opening our sales gallery. Just one year later, we have sold nearly 80 percent.
Firm pricing can’t be explained away by supply and demand dynamics. Rising inventory and declining sales suggest weaker prices. So, what’s going on? I suspect that the answer lies in marketing myths.
A new Supreme Court ruling is likely to affect the enforcement of property tax liens in Massachusetts.