Landlords Pursue Law Firms with High Concessions
Law firms in the market for new office space in Boston are in a strong negotiating position to extract heavy tenant concessions from landlords, according to a new brokerage report.
Second Downtown Tower’s Sale Could Set Benchmark
It’s not just One Lincoln: A second downtown Boston skyscraper could hit the market and offer another indication of how far high-end office property values have fallen since the pandemic.
Two Colleges Seek Developers for Big Tracts in Weston, Newton
Regis College is selling off a 62-acre parcel across from its campus on Wellesley Street in Weston, while UMass officials are seeking proposals to modernize campus housing at the Amherst campus and parts of the former Mt. Ida College campus in Newton.
Industrial Developers Hit the Brakes as Vacancies Rise
After a scramble for far-flung sites suitable for massive distribution centers, developers are adopting a defensive strategy as many of the latest generation of projects sit vacant.
Construction Costs Put BXP’s Back Bay Tower on Hold Indefinitely
Greater Boston construction costs are now so high, not even a brand-new, state-of-the-art office tower can pencil out, Boston Properties executives said in a quarterly earnings call this week.
Industrial Vacancies Rose for Eighth Straight Quarter
Vacancies in Greater Boston’s industrial market have risen for eight straight quarters, topping 11 percent as a recent development surge has left many newly-completed properties still seeking tenants.
Which Way Will Capital Go?
The Federal Reserve is hinting that even more interest rates are coming. Watching how this plays out in the local real estate investment market is Jeffrey Myers, head of the research operation in Colliers’ Boston office.
Two Biotechs Lease Half of Big Watertown Development
A speculative life science development completed in June landed its first two leases committing to more than half of the 225,000-square-foot building outside Watertown Square.
Less Demand, Higher Costs Slow NH Industrial Growth
New Hampshire’s industrial real estate market is finally cooling down after a long boom period originally sparked by the COVID-era’s strong demand for warehouse space occupied by e-commerce companies.
Will Lab Slump Translate into Housing Gains?
A vision to turn West Cambridge into a second Kendall Square is coming apart amid record lab vacancies across the region, as the fundamentals of development look set to shift back in favor of multifamily housing.
Will Fed’s Cuts Help Address Banks’ Office Loans?
The either quarter-point or half-point cut expected this week won’t be enough on their own, but some experts think they hold promise for remedies over the next few quarters.
BlackRock Buys Wayland Complex for $98M
A two-year-old apartment complex in Wayland that’s seen steady rent increases in 2024 sold for $98 million to private equity giant BlackRock.
Boston Rents at All-Time High as Building Hits Decade Low
Across the Greater Boston region, average asking rents of $3.80 per square foot represent an 11 percent increase over those that opened in mid-2023, according to commercial brokerage Colliers.
Will VC Rebound Stimulate Lab Leasing?
Venture capital investment in the U.S. life science industry surged in the second quarter, potentially easing the historic glut of lab space seeking tenants.
Will a Rate Cut Unleash Investments?
The Fed seems poised to cut interest rates next month, but has been cagey about its plans after that. Aaron Jodka, the Boston-based director of U.S. capital markets research at Colliers is watching for how investors will react.
Restaurants More Important than Ever for Leasing Strategies
Bostonians’ changing work habits and the new importance of delivery for restaurants’ revenue streams are upending traditional suburban leasing strategies and even reshaping what food and beverage tenants need in a potential space.
As Potential Rate Cuts Loom, Banks’ Waiting Game Begins
An end to successive quarters of profit margin compression at local banks could be near, thanks to an expected interest rate cut that opens the door to reduced deposit expenses.
Engineering Firm Leases Regional HQ in Westborough
Bohler Engineering will open a new regional headquarters at 50 Washington St. in Westborough after leasing 20,000 square feet at a property owned by Carruth Capital.
Luxury Market Takes a Breather
Boston’s luxury multifamily market is showing signs of a slowdown, and it is unlikely things like luxe amenities will move the needle in generating more sales.
W.P. Carey Lands 142K SF Lease in Bedford
A Wakefield robotics company will open a new headquarters in Bedford after leasing over 142,000 square feet from landlord W.P. Carey.
