Is BERDO a Bellwether of the Boston Office Market?
New brokerage research uses a non-traditional yardstick to track office usage in Boston: power and water consumption disclosures under a city ordinance designed to reduce greenhouse gas emissions.
Trophy Properties Send Ripples Through Boston Office Market
A pair of new trophy buildings are leaving their marks on the Cambridge and Boston office markets, amid rising competition among class A buildings.
Sage Therapeutics Consolidation Adds to Lab Vacancies
As biotech companies shave their real estate footprints, preferred locations in the East Cambridge industry core have gone from scarce to abundant since 2022.
Two More Years of Declines Seen for Boston Office Market
Persistence of the hybrid work model is expected to translate into continuing declines in office occupancy and rents across the U.S.
Not Just Downtown Boston: Hybrid Work a Drag on Cambridge, Suburbs
Office vacancies in Cambridge continued to rise in the fourth quarter to nearly 13 percent and tenant demand remains muted in the near term.
Tech Layoffs Add to Office Market Woes
Potential layoffs at Amazon and deep cuts to Twitter’s workforce are adding to the headwinds faced by a Boston office market in the midst of a year-long retreat.
Boston Office Market Turned Corner in Q3
The Boston office marked cleared a “psychological hurdle” by recording 307,000 square feet of positive absorption in the third quarter after retreating for six straight quarters, according to a new research report.
Boston Office Vacancies Near 16 Percent Amid Class B Slump
Boston office vacancies hit 15.7 percent in the first quarter but signs of a gradual recovery are starting to emerge in the post-pandemic outlook, according to a brokerage report.
Sublease Space Hits Record Levels in Market
The fallout from the current health crisis continues to affect Greater Boston’s office market, with fundamentals wavering further during the third quarter of 2020.
Facebook Looking at Major Office Expansion in Massachusetts
Facebook is considering its largest expansion in Massachusetts since arriving in Cambridge’s Kendall Square in 2013, as it scouts potential locations for up to 350,000 square feet of additional space.
Subleasing Drives Historic Downturn in Boston Office Market
Economic shocks from the COVID-19 pandemic left their mark on the Boston office market, which registered record levels of negative absorption in the second quarter.
DivcoWest Sells Cambridge Office Property for $101.25M
DivcoWest has sold an 86,040-square-foot office building outside Harvard Square for $101.25 million after less than three years of ownership.
Cambridge Office Market Ranks Among Nation’s Priciest
Often overshadowed by its record-breaking prices for lab properties, Cambridge’s office market ranked among the nation’s priciest in 2019.
At Gaston Electrical, Everything is Illuminated
Before they occupy their new buildings, global corporations such as Amazon, Wayfair and Boeing rely on Gaston Electrical to provide them with reliable connections to the grid. Michael Weber and his brother William split the leadership duties for the company, which has 275 employees.
Forrester HQ Sold in $139M Transaction
Boston-based developer Bulfinch has acquired the Forrester headquarters within Cambridge Discovery Park, giving it ownership of the entire 27-acre property.
Biotech Ironwood Moving HQ from Kendall to Downtown Boston
Major biotech firm Ironwood Pharmaceuticals plans to relocate its headquarters to a new office in downtown Boston from its current location in Cambridge’s Kendall Square.
