Wayfair, DraftKings HQs Relocating in Office Shakeup
The headquarters of two Boston-based household names are relocating in an office market shakeup involving leases at towers in Back Bay and the Financial District.
RODE Architects Acquires South End Firm
RODE Architects acquired a South End-based design firm to support its strategy of expanding its workplace, hospitality and retail practices.
National Development Lands Wayfair, Lowe’s at Former Airfield Project
Redevelopment of a former Raytheon Corp. property in Connecticut will be anchored by Wayfair and Lowe’s, which have leased a combined 2.5 million square feet of distribution space.
Sublease Market Spikes as Companies Rethink Real Estate
Local commercial real estate researchers are tracking nearly 500,000 square feet of sublease space in Greater Boston that’s hit the market since mid-March as the area faces questions about the future of office space and a sizable construction pipeline.
NRF Says Disruption to Imports Worse Than Expected
Shutdowns of Chinese factories since the COVID-19 outbreak are having a longer and larger-than-expected effect on U.S. imports, according to the leading retail industry group.
WeWork, Wayfair Could Be Vectors for Coronavirus-Caused Office Slump
Suddenly, the most serious threat since the Great Recession looms over the hitherto-booming downtown Boston office market.
Hotels, Retail and Tech Vulnerable to Coronavirus Impacts
Disruption to U.S. commercial real estate markets from the coronavirus outbreak will hit the hotel and retail industries hardest initially and cause supply chain disruptions that could affect the tech sector.
Wayfair Seeks to Sublease Back Bay Offices
Wayfair’s layoffs of 3 percent of its workforce including 350 employees at its Back Bay headquarters mark the end of the online furniture giant’s steady growth as one of Boston’s largest office tenants.
After Wayfair Win, Pittsfield Asks: What’s Next?
“It’s about a slow but steady transformation. It’s almost like a formula. Keep up with the current businesses you have. Promote the ‘cultural economy.’ Try to attract new businesses.”
Pier 1 Imports to Close Half of Stores as Sales Falter
Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online.
At Gaston Electrical, Everything is Illuminated
Before they occupy their new buildings, global corporations such as Amazon, Wayfair and Boeing rely on Gaston Electrical to provide them with reliable connections to the grid. Michael Weber and his brother William split the leadership duties for the company, which has 275 employees.
Boston Tech Grad Pool Increases 61 Percent in Five Years
The number of college graduates with tech degrees in Greater Boston’s increased 61 percent between 2012 and 2017, and the region ranks seventh out of 50 North American markets in CBRE’s annual tech talent scorecard.
Amid Boston’s High Absorption, Traffic and Inequality Are Troubling Low Points
Even with the construction of millions of square feet of new office and lab properties in recent years positive absorption remains steady year over year. But traffic isn’t the only dark lining among the silver clouds floating above the Pru. Inequality is a growing issue here
Wayfair to Launch Physical Store at Natick Mall
Boston-based online home furnishings retailer Wayfair will open its first full-service physical retail store later this year in the Natick Mall.
Wayfair Picks Site for Customer Service Center
Online furniture vendor Wayfair has signed a lease for a new call center in its CEO’s hometown.
Wayfair Expansion Confirms Bay State Growth Strategy
Wayfair’s lease of 300,000 square feet at St. James Ave. in Boston will enable it to expand its Back Bay workforce to 10,000 – along with another 300 at a new sales and customer service center in Pittsfield.
Boston Lands Among Top 3 Office Markets in Q2
Boston had the third-strongest office market absorption in the U.S. during the second quarter, reflecting e-commerce firm Wayfair’s big expansion in the Back Bay and continued growth of the co-working sector.
Wayfair Scouting Biggest-Ever Expansion in Boston
Fresh off its signing of a nearly 400,000-square-foot office lease in Back Bay, online retailer Wayfair is already scouting real estate for its biggest expansion to date.
No Let-Up Seen In Office and Lab Demand
After recent high-profile office leases by Amazon, Rapid7 and Alexion Pharmaceuticals in recent months, numerous companies remain in the hunt for big blocks of space in Boston and Cambridge.
Wayfair Seeks Big Expansion In Back Bay
After expanding to a new 275,000-square-foot...
