Boston’s Class B Challenge Is a Design Opportunity
Buildings that cannot offer a meaningfully better experience than a well-equipped home office face growing competitive pressure. That shift is changing what tenants value.
Look Beyond Boston for CRE Opportunities
At City Realty, we have seen firsthand that there are still opportunities available in the office market and new tenants in the market to fill those well publicized vacancies. Our successful repositioning project in Quincy Center is just one example.
Report: Only 16 Percent of Boston-Area Class B Loans Mature by 2026
Class B office space in Boston backs a considerable number of mortgages set to mature between 2023 to 2026, but at a lower rate than many other metro areas in the country.
Office Tenants Predict More Downsizing to Come
A majority of office tenants expect to shrink their space footprints further in the next three years, according to a CBRE report analyzing future demand in the office market.
‘Nothing is Off the Table’ for Office Deals in 2023
Office tenants have never had more options to choose from in Boston, and it’s continuing to widen the the chasm between the class A and B space.
Seize the Moment for Office-to-Residential Conversions
With the discount end of the office market shuddering, it’s time for Boston Mayor Michelle Wu and Gov. Charlie Baker to be as aggressive as possible in encouraging office-to-housing conversions downtown.
Decision Time for Boston’s Office Landlords
As remote and hybrid work entrench themselves, Boston’s class B office market looks like potentially fertile ground for conversion into thousands of new housing units.
Diversifying Real Estate Investment into New Markets
Under its new CEO Peter Gottlieb, Hobbs Brook Real Estate is diversifying the geography and asset mix of its real estate portfolio from its traditional office and lab stomping grounds along Route 128 to different asset classes and regions of the country.
How to Reposition Office Buildings from Class B to A
A lot more goes into renovating an older class B building into a class A than just adding a coffee bar or flat-screen TV in the lobby. A big part of the decision to renovate is the owner’s appetite for risk and how far they are willing to go to achieve a higher rate of return.
WeWork Delays IPO as Investors Grow Wary
WeWork is pushing back its public debut as investor confidence appears to grow shaky in the office share company that had recently been valued at around $47 billion.
