Landlords Reinvest in Business-Focused Amenities
Foosball tables, indoor slides and golf simulators were once all the rage. In today’s leaner economic climate, office landlords’ focus is shifting to practical amenities.
Costs Weigh on Boston Office Leasing Decisions
Higher construction costs associated with buildouts of new offices are pushing tenants towards lease renewals, rather than relocations, a new brokerage report says.
High-End Buildings Keep Lead in Q3 Boston Office Leasing
A virtual city located under one roof, the 1 million square-foot Winthrop Center tower in downtown Boston has a food hall, health clubs, billiard room and even a “Club VIP” doggy daycare.
Downtown Boston’s 99 High St. Sells for $227M
Synergy Investments is the new owner of 99 High St., a prominent office building seen as a key indicator of where downtown office building values are headed.
Another Wake-Up Call for Boston’s Office Market
Greater Boston’s office market was showing signs of momentum before a financial services standard bearer provided a stark reminder about the new normal in workspace demand.
90-Unit Conversion Proposed in Downtown Crossing
An 11-story office building in Downtown Crossing would be reborn as rental housing under plans submitted by a developer active in Boston’s residential conversion program.
Embracing Sustainability Offers a Solution to Boston’s Office and Housing Crises
There is a clear opportunity to embrace sustainability strategies while reconfiguring Boston’s building stock for a more sustainable future.
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.
Wu Still Hopeful for Tax Plan
Boston Mayor Wu is holding out hope that she can get Senate President Karen Spilka to come around to her proposal to temporarily increase the tax rate for Boston’s commercial property owners.
The Biggest Boston Real Estate Stories You Missed This Summer
The local real estate markets may be a lot less busy now than a few years ago, but that didn’t mean this summer was a snooze-fest of real estate news. Here’s a rundown on the six biggest stories you might have missed between vacations and the interminable wait for the Fed to start cutting interest rates.
Setting an Agenda for Unfinished Business
As Boston’s economy adapts to the post-pandemic working and living environment, Jim Rooney has been an outspoken critic of threats to the region’s economic competitiveness, from problems with the T to office vacancies.
Boston Office Landlords Bet on Spec Suites
Overall office requirements in Greater Boston are pushing past 3.5 million square feet. Many of them are on the hunt for a flexible, seamless solution in the market: spec suites.
Boston Suburbs Drawing More Office Tenants as Downtown Wanes
Declining rents and shorter employee commutes are prompting eastern Massachusetts companies to favor suburban office deals, according to local brokerage research.
Boston Office Vacancies Leave Decarbonization Efforts in Limbo
With capital hard to come by, even the promise of city fines and higher-paying tenants attracted to green energy upgrades may not be enough to make downtown building owners act.
State Agencies’ Expiring Leases Could Shake Up Downtown
State agencies’ pending lease expirations in downtown Boston would add over 800,000 square feet of vacancies to the beleaguered office market, prompting pleas for Gov. Maura Healey to reverse a planned real estate diet.
Financial District Offices Trade for $36M
A downtown Boston property anchored by Atrius Health medical offices was acquired by an alternative investment manager for $36.35 million, or 24 percent below its previous trade.
With Banks Pulling Back, Who’s Financing Office Deals?
Behind the scenes of Boston’s troubled office market, landlords and lenders are seeking ways to restructure their existing debt, keep control of properties and avoid foreclosure.
Boston Looks to ‘Skyline’ for Help
Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line.
Downtown Boston Needs More than New Zoning to Bounce Back
Can downtown Boston escape the so-called urban doom loop? Probably. But it’s going to take a lot more than new “skyline” zoning for taller towers to bring it back.
In Speech, Wu Defends Downtown Strategies, Tax Rate Plan
Speaking to the Boston Municipal Research Bureau’s annual meeting Thursday, Boston Mayor Michelle Wu said her plans to increase troubled office towers’ share of the city’s tax burden were vital to “avoid making our housing crisis worse.”
