Blog :: 08-2019

Boston Retail Market Update - Fall 2019

With Labor Day Weekend upon us, retailers are gearing up for the Fall/Holiday season.  It is a good time to take a look at the forecast for the retail market.  The news highlights trade tensions with China, the low interest rate environment and continued speculation that the U.S. economy is "due" for a recession.  But continued job growth is also in the news (and see chart below).

 

As the chart below shows, retail rents are projected to level off and remain steady.  While this is projected for the market as a whole, different areas and sub-markets are likely to experience drastically different market conditions.  For instance, for many "zombie" malls (those with a large number of vacancies, particularly former large anchor tenants), much remains to be seen - how many of these malls will survive, and what will they need to do to make it.  On the opposite end of the spectrum, many new developments include retail components, which offers opportunities for businesses to take prime positions in the heart of our areas' newest communities.

 

Note that these charts and statistics were compiled with data from CoStar.  If you have questions about the Boston retail market, need help finding tenants for your property or are a business in need of finding a new retail space for your business, don't hesitate to contact us.

 

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Important Utilites Contact Information for Move Ins

When moving into your new home you need to establish service with the following Utility companies:

Boston Utilities

National Grid
Gas (800) 732-3400

Eversource
Electricity (800) 592-2000

Verizon
Phone (800) 870-9999

Comcast
Phone, Cable, Internet
(617) 279-1958

 

 

Helpful Boston Numbers

 

Boston City Hall
(617) 635-4000

Boston Police Department
Non Emergency
(617) 343-4200

Boston Fire Department
Non Emergency
(617) 343-3550

Emergency Storm Center
(617) 635-3050

Poison Control and Prevention
(800) 222-1222

Animal Control (Dog Licenses)
(617) 635-5348

 

We recommend you reserve a parking spot for your moving truck by going to City of Boston Website

If you live in Boston and your car is registered in Massachusetts you can get a resident permit parking sticker to park on the street.

 

For more information please contact Cabot & Company at (617) 262-6200