Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
April 13, 2023

'Still More Pain In Front Of Us' As Boston Office Vacancy Hits New Highs

Hear From Boston University And MIT On The Future Of Sustainability On Boston's Top College Campuses June 13

It isn't looking good for Boston’s office market after the first three months of the year. With vacancy rates reaching historic highs and the market suffering from millions of square feet of occupancy losses, experts say that the damage is far from over.

'Still More Pain In Front Of Us' As Boston Office Vacancy Hits New Highs

Although the market has attracted new companies like Lego that favor its skilled workforce, Boston’s vacancy rate reached 18.8% in the first quarter, hitting a level similar to that experienced during the Great Financial Crisis, according to Colliers’ first-quarter office market report.The Boston metro area recorded 3.4M…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Advertising Giant Omnicom Undergoing 'Massive' Consolidation Of U.S. Office Portfolio Advertising Giant Omnicom Undergoing 'Massive' Consolidation Of U.S. Office Portfolio
Billion-Dollar Manufacturing Investments Run Into Real Estate Problems Billion-Dollar Manufacturing Investments Run Into Real Estate Problems
Judge Tosses Bulk Of Amazon's Fraud Claims Against Developer, 2 Former Employees Judge Tosses Bulk Of Amazon's Fraud Claims Against Developer, 2 Former Employees
Barings Closes $680M Value-Add Office Fund Barings Closes $680M Value-Add Office Fund
Perforation

MBTA Pays $255M For Widett Circle Property Once Eyed For Olympic Stadium And Mixed-Use Development

MBTA Pays $255M For Widett Circle Property Once Eyed For Olympic Stadium And Mixed-Use Development

Once envisioned as an Olympic stadium or a mixed-use gateway to Boston, the Widett Circle property has been purchased by the MBTA to be turned into a rail layover facility. The public transit agency acquired the 24-acre site for $255M, it announced Wednesday. Widett Circle…

Read the full story here.

  Share:  

 
Perforation

Golf Courses Hold On To Pandemic Boost, Stave Off Further Contraction

Golf Courses Hold On To Pandemic Boost, Stave Off Further Contraction  

Some of the biggest swaths of land in most U.S. cities, golf courses have shut down and been gobbled up by developers as younger generations’ interest in the sport waned, but a pandemic-fueled golf boom seems to have slowed that trend.

Meanwhile, neighborhood pushback is making redevelopment of some old courses difficult, or even impossible, and leaving investors with big purchases and thwarted plans.

“Only a few years ago, the biggest concern for golf was, what are millennials going to do?” said CBRE Managing Director Jeff Woolson, who heads the company's Golf & Resort Group. “Their attention span is very short, so…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

This Week's Boston Deal Sheet This Week's Boston Deal Sheet
Boston Seeks Developers To Build Up To 10 Stories Of Housing Atop West End Library Boston Seeks Developers To Build Up To 10 Stories Of Housing Atop West End Library
WeWork Quietly Exited 120K SF Back Bay Space WeWork Quietly Exited 120K SF Back Bay Space
Hines, Calare Propose 316-Unit Allston Multifamily Project Hines, Calare Propose 316-Unit Allston Multifamily Project
Worcester, Lowell Eyed As Next Big Life Sciences Clusters As Costs Rise In Urban Core Worcester, Lowell Eyed As Next Big Life Sciences Clusters As Costs Rise In Urban Core
 
Perforation

Wave Of Distressed CRE Sales Coming: Colliers

Wave Of Distressed CRE Sales Coming: Colliers  

Sales of distressed commercial real estate assets, which have been sparse both in percentage of deals and dollar volume in recent years, will soon spike, Colliers reports, citing MSCI data. The exact size of any future wave of distressed sales is uncertain, but MSCI estimates that more than $2T of…

Read Full Story

  Share:  
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 66525