Cities are rezoning offices downtown to allow for residential conversion, but that will prove difficult for suburban properties since their floor plates cover a large area. What do we do with this empty space?
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.
Three office tenants have signed leases totaling more than 31,000 square feet at Cityside, a 300,000-square-foot office complex in Waltham whose proximity to Moody Street provides amenities that set the property apart from typical suburban buildings.
Looking ahead to a new decade in 2020, suburban office users will continue to gravitate towards quality modern office space as tenant experience and talent retention remain key drivers of business decisions.
As Doble Engineering prepares to relocate to a new headquarters in Marlborough, a developer is eyeing its Watertown property for a 213,500-square-foot office and lab building.
Boston-based developer Bulfinch has acquired the Forrester headquarters within Cambridge Discovery Park, giving it ownership of the entire 27-acre property.
Berkeley Investments has begun a 300,000-square-foot speculative redevelopment in Malden Center, where it’s marketing space at the former bank data center to office and R&D tenants.
In an effort to further boost its business districts, the city of Marlborough could create a shuttle service connecting them to the commuter rail station in Southborough, one town to the south.
An office building just off Interstate 495 in Tewksbury has sold for $30.9 million to a Florida asset management firm.
Upgrading office and industrial buildings to lab-ready space is paying off for a growing field of developers hoping to snare the next hot biotech startup transitioning from early-stage research to commercialization.
