Boston's retail market also remained strong in Q3 2015. Vacancy was down to 3.7% at the end of the quarter, compared with 3.9% in Q4 2014. Asking rent rates were also up - at $17.83/SF, up 5.38% from four quarters earlier. (Remember, those averages are across the greater Boston area - in Q3 2015, average quoted rent rates were $90.80/SF in [...]
Boston's office market remained strong in Q3 2015. Overall vacancy in the Boston area decreased to 9.1%, down from 9.2% at the end of Q2 2015 and 9.3% at the end of Q4 2014. Vacancy in Boston's central business district (CBD) was down to 7.6%, compare that with Q4 2014 when vacancy was at 8.3%. Interestingly, the vacancy rate for Class A [...]
Just like the hot Boston real estate market, the roses are feeling the heat. Cabot's principal, Joseph Palermino, photographed these flowers in front of the Prince Condominium just the other day, in the middle of December! Cabot & Company also has some hot winter specials for rent and for sale so please call us to help you with your real [...]
Vice President and lead Commercial Real Estate broker, Eric Shabshelowitz, recently helped find a new space for the beloved Café Quattro in the South End! Previously located on Somerset Street downtown, Café Quattro thought the South End would be a great landing spot for the new [...]
The Somerset takes its place in the history of Boston with its debut in 1897 as one of the grandest hotels in America. In fact, The Boston Globe once deemed it, "among the distinctly magnificent hotels of the world", ushering in its era as a premier [...]
Shelagh Brennan has a wonderful condo that overlooks the Charles River at 274 Beacon Street. One of unit's most important and significant features is its proximity to the Charles River and the sweeping views that come with. Zillow produced an article that discusses the psychological and financial ties that come with owning a property on the water. Although there aren't any beach rights, having a view that looks over the Charles River is commodity that not many owners get to experience while living in Back Bay.
Why People Love to Live on the Water!
1. Set a Budget
Setting a budget and managing expenses is very important when trying to make a profit off of an income property. Budget for future capital improvements - heating systems, hot water tanks, the roof and other big ticket [...]
Cabot's Eric Shabshelowitz has listed a fantastic investment building in West Roxbury. The brick building on Washington Street consists of four two-bedroom units, each with its own parking space and balcony. Annual operating costs are minimal as tenants are responsible for own utilities, and the draw is [...]
Sure, offices and schools have had a number of snow days. But how has the weather impacted the real estate market?
As you might expect, inventory is down... way down. The charts below are for residential condos, but we have seen a similar trend through all property categories.
Downtown Boston Condo Inventory (Past 3 Years)
Downtown Boston Condo Inventory (Past 18 [...]
