Coworking provider WeWork plans to retain its only Cambridge location, an 33,133-square-foot lease at 625 Massachusetts Ave., after renegotiating its terms with ownership.
Earlier this month, the once-dominant coworking provider filed motions to retain two locations at 33 Arch St. and 501 Boylston St. in Boston totaling nearly 275,000 square feet. It has also sought permission to reject leases at four other Boston locations.
What else is on tap today?
- Second Home Demand Plummets: A new analysis of mortgage data says that demand for vacation homes fell 40 percent last year.
- New Watertown Leases: Five new tenants ranging from a Jason Santos-led restaurant to steakhouse Medium Rare are set to open at Watertown’s Arsenal Yards in coming months.
- BPDA Employees’ Job Protections: The BPDA’s very strong civil service-like protections for many of its employees will not go with them when the agency transitions to a city department.
- Housing Bill’s Tax, Health Angles: Community development organizations that aim to support local businesses and low- and moderate-income residents took to Beacon Hill Monday seeking to make permanent a tax credit set to sunset next year.
Show me the data!
What’s the monthly volume of single-family mortgages doing?
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- The numbers of multifamily building permits in Boston, while still far from robust, are improving, columnist Scott Van Voorhis reports.
- Investing more in pre-apprenticeship programs and working with builders and contractors to hire more tradeswomen can help us meet the state’s requirements for workforce participation diversity, Shamaiah Turner argues.
- 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.
