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October 27, 2022

Boston Developers Say Construction Cooldown Could Create More Opportunities

Hear From MassBio President Kendalle Burlin O'Connell On The Current State Of Boston Life Sciences Nov. 30

Higher interest rates and economic volatility are leading to a slowdown in new construction projects in Greater Boston, developers say, but that could come with a silver lining. 

A cooldown in what has been a hot market for years could help bring down the high cost of land and construction and create more opportunities for development in the long run, executives said last week at Bisnow's Boston State of the Market at Two Drydock in the Seaport. 

Boston Developers Say Construction Cooldown Could Create More Opportunities

“All these headwinds are there, we have these problems, but Boston needs to cool down and create some more affordability,” Richard Taylor, managing partner at Nubian Square Development, said at the event.Taylor, whose firm is working on the 97K SF Nubian Ascends mixed-use project in Boston’s Nubian Square,…

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BXP Sees Slowdown In Tech And Life Sciences Leasing

BXP, the largest publicly traded owner of office buildings, predicts vacancy will keep rising next year amid a slowdown in leasing from the technology and life sciences sectors.

BXP Sees Slowdown In Tech And Life Sciences Leasing

The company executed 1.4M SF of leases in the three months ending Sept. 30, its strongest third quarter for lease volume since 2019, according to its earnings report filed on Tuesday. But the company saw its stock price drop by more than 3% Wednesday after a downward adjustment of its…

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CRE Job And Hiring Outlook: 2019-2022

PRESENTED BY:   SelectLeaders
 
CRE Job And Hiring Outlook: 2019-2022  

For over 15 years, SelectLeaders has produced a job barometer for the commercial real estate industry to illustrate the performance of the job market and how it is shaped by external events.  SelectLeaders lists job postings from 25,000 active CRE employers, which are used by 315,000 job seekers across all…

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Companies Ramp Up Coworking Expansions, A Rare Office Market Bright Spot

Companies Ramp Up Coworking Expansions, A Rare Office Market Bright Spot  

Office owners nationally are still struggling with high vacancy rates and uncertainty around future tenant demand, but one growing segment has begun to emerge this year.  

Coworking operators are seeing big companies expand their investments into flexible workspaces and bring employees back at higher rates than traditional offices, and some are growing their own footprints to meet the rising demand. Market experts said this could help fill some of the millions of square feet of office space sitting vacant. 

Of the 1,100 corporate real estate decision-makers surveyed in JLL’s The Future of Work Survey 2022, 43% said they planned to accelerate investment in flexible space over the next three years. “The shift that we've seen post-Covid has been a shift towards flexibility," WeWork Senior Vice…

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As States Escalate Resistance, ESG Backlash Could Come At A Cost To Investors

State and local governments in red states across the country are putting up increasingly stiff resistance to the idea of ESG-based investing, and although the movement known as anti-ESG is often dismissed as political theater, investors could lose out.

By cutting out funds that have implemented strategies based on ESG investing — in which environmental, social, and governance policies and practices are considered when making investment decisions — sources say these states reduce options and opportunities that the financial system sees as the wave of the future.

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