As discussed in our Q1 2018 office market report, transaction volume failed to make headway in Boston’s office market during the first quarter of 2018. With that said, Boston remains a highly-desirable destination for capital among all investor types, and the limited inventory of available properties for sale continues to drive up pricing. Similar to national … Continue reading Suburbs Dominate Recent Office Sales
As you can see in our Q4 2017 Submarket reports not all office markets are created equal; particularly during this most recent expansion cycle. While fundamentals in the Greater Boston office market are arguably the strongest they’ve been in some time, we’re certainly seeing some bifurcation. Looking at office vacancies, in the chart below, urban … Continue reading Urban Office Markets Dominate In Boston
Is there more hype surrounding Amazon’s exhaustive HQ2 search than Y2K’s purported apocalypse? If you ask NAI Hunneman’s COO, Steve Prozinski, it appears so. With the e-commerce giant’s 20-location shortlist announcement dropping late last week, commercial real estate experts have ramped up their speculative analysis on the potential outcome of Amazon’s decision. Irish Gambling site, … Continue reading The Hype is Real – All Eyes Turn to the 20 Finalists for Amazon’s HQ2
Downtown and the Route 128 Loop led a strong fourth-quarter performance in the Greater Boston office market, with total absorption surpassing 700,000 square feet and vacancies falling to 11.6%. The war for talent continues to drive inbound tenant relocations to the urban markets as well as fuel growth in urban outposts from firms like Bose … Continue reading From the Research Desk – Q4 Market Update: Boston’s Outlook Remains Positive
This morning NAIOP Massachusetts hosted its annual Market Forecast. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. While the organization’s mid-year roundup highlighted somewhat slower market conditions, this time around all of the panelists were resoundingly positive. Below … Continue reading NAI Hunneman Research Director Liz Berthelette Recaps NAIOP/SIOR Market Forecast
This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. The unemployment rate turned a corner in September after remaining elevated above 4% for several months, and expansions in the education, tech, and life science … Continue reading New from NAI Hunneman’s Research Department: Q3 Multifamily Report
While results were mixed in both the office and industrial markets, overall net absorption remained positive in the third quarter of 2017. Optimism continues to grow amidst corporate expansions, and Greater Boston is likely near the top of Amazon’s HQ2 shortlist. Vacancy in the industrial market remains near record lows and growing interest from … Continue reading New From NAI Hunneman’s Research Department: Q3 Metro Boston Market Report
Yesterday NAIOP Massachusetts hosted a panel on Cambridge’s meteoric rise to the top of both local and national commercial real estate markets. While the discussion focused on the area’s burgeoning development pipeline, speakers also provided insight on what the future holds for Cambridge, urbanization trends and the potential for a Boston-based Amazon HQ2. Below are … Continue reading Cambridge – One of the Hottest Markets in the U.S.
The impact of Amazon’s planned purchase Whole Foods in the CRE world has been discussed at length over the past few months by numerous industry vets. You can find thoughts on what this deal could mean for the retail market from VTS, NREI, and Bisnow. Now that the FTC has given Amazon the official green … Continue reading Amazon and Whole Foods: A Logistics Play?
NAI Hunneman is pleased to release its Second Quarter Multifamily Report. This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. While the unemployment rate has ticked up in recent months, expansions in the education, … Continue reading NAI Hunneman Releases Q2 Multifamily Report: Rents Remain Strong Despite Uptick in Supply