1M SF Brickstone Square Office Complex Heads to Auction
A 1 million square-foot office park in Andover that’s attracted tenants in a wide range of industries from green power to investment services is headed to auction next month.
Opportunities and Pitfalls Await Office Investors
Big leases by Hasbro and KKR at trophy office towers have generated buzz about the Boston office market after several years of consolidations and downsizing.
There’s 2M SF of Offices Waiting to Be Converted to Housing, But They Need Help
Greater Boston’s high construction and capital costs have made most conversions prohibitively expensive. A solution needs state, municipalities and industry to collaborate.
Boston Class A Office Buildings Start to Feel Pinch
High-end office buildings are starting to feel the pinch of rising vacancies in the Greater Boston office market.
Oracle Set to Vacate Most of Burlington Campus
Software corporation Oracle Corp. is taking steps to slash its Massachusetts real estate footprint with plans to vacate three of the four buildings on its Burlington campus totaling 376,000 square feet.
Former EMC Campus Sold to Atlantic Management
A developer that has a track record of repositioning former tech campuses for tenants including Amazon and GE has another opportunity in Southborough following the acquisition of a 20-acre former EMC property.
Healey’s Climate Push Could Jumpstart Suburban Properties
While office tenants downsize, developers and brokers see a growing source of tenant demand for flex properties including a mix of office, research and light manufacturing space.
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.
More Slippage for Boston Office Market in Q4
Leasing activity remained in the doldrums at the end of 2023, contributing to another uptick in Boston office vacancies.
Quincy Office Building Sold for $12.5M Discount at Auction
A Quincy office building that hit the auction block in April has been sold to a local investor for $5.5 million, much less than when it last sold in 2005.
Mass. Companies Plan More Real Estate Cutbacks
Nearly half of the respondents to an industry survey said they will reduce their Massachusetts real estate footprint in the next two years, adding pressure on the local commercial real estate market already hit with double-digit vacancies and record sublease listings.
As Boston Retreats, Suburban Office Market Stabilizes
Boston’s suburban office market showed signs of stabilizing in late 2022 as leasing activity was driven by tenants upgrading to higher-quality buildings.
Downtown and Suburbs Could Take Separate Paths in 2023
Suburban Boston office landlords will head into the new year with more options to keep their properties generating income, while Boston and Cambridge owners face growing headwinds.
Poll: Boston Biz Contacts Expect Remote Work Option
New poll results show how entrenched remote work has become two years into the COVID-19 pandemic, and hint at the challenges facing places like downtown Boston.
A Suburban Shift, But Not the One Forecast
The future of the office remains hazy, but it’s clear that many inner suburban markets are doing fine. But it’s not due to any much-ballyhooed shifts by tenants to “hub and spoke” occupancy models.
In Greater Boston Office Market, a Tale of Two Beltways
Home prices in suburban Boston have surged during the pandemic, with disenchanted urbanites and others looking for more space to spread out. But it’s had only a limited impact, if that, on the commercial real estate market in Greater Boston’s sprawling suburbs.
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.
Can Our Underperforming Asphalt Become Bustling Boulevards?
It is Greater Boston’s frontier of urban planning: How do you adapt dated, low-rise shops and office buildings for a brave, new, post-COVID world while creating a greener future with more housing?
Unlock Housing Potential with Biotech Boom
Boston’s suburban office properties often make poor candidates for housing conversion, with their large floorplates and other restrictions, but paradoxically they could offer an excellent opportunity for creating new housing.
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.
