As we know, many COVID-19 patients end up alone and isolated, without their phones in the hospital. In extreme circumstances, they’re unable to see or say "goodbye" to loved ones due to prohibitions on hospital [...]
The COVID-19 pandemic has had, and will continue to have, a major impact on Boston's real estate market. Many different factors are at play. Most of the effects are having negative impacts on the market, such as increased unemployment in certain industries, slowed/stopped construction and widespread uncertainty about how much damage the [...]
These days it feels that life has been put on hold, as a lot of things we used to do are restricted or stopped altogether. That being said, people still have to move, and we are hearing daily from prospective buyers, sellers and [...]
With spring approaching everyone is looking for fun activities to do in the city. Boston has over 60 different museums that fit a variety of interests. From modern art museums, to historical museums, to a world famous science museum, and everything in between, Boston truly has a rich and cultured range of museums. Here is a list of some of [...]
Demand for Boston office space is still high, and we have seen rent rates continue to rise. The chart below is based on available data, but in practice we generally are not seeing the large gap in rents between Kendall Square and Harvard Square from Back Bay and the Seaport District that the chart indicates.
Office Rent Rates
Source: CoStar
With companies' office needs changing, many tenants are seeking to do shorter term leases than the 3-5 year minimum commitments that landlords generally prefer. Companies looking for a long-term lease may consider one of the neighborhoods that has not seen rents increase as quickly as others, since they can present opportunities to lock in at a lower rate than that area might see.
As rent rates continue to rise and with interest rates at record lows, it is also a great time for businesses to evaluate options to buy their office space rather than leasing. Those opportunities can be harder to find, but they are out there - contact us to help you with that search.
As we are moving past this mild Winter and quickly approaching Spring, many of you are in the green thumb mode and in need to re-amp or add to your indoor vegetation. Maybe you once had an indoor plant and you noticed within the week that it turned into a bone-dry, wilted mess. Or maybe you’ve never owned an indoor plant because you aren’t [...]
How’s your 2020 vision? I am referring to your New Year’s Resolutions. If it’s out of focus as January moves into the rear view mirror, you can take a little wisdom from T.S. Elliot who said “Every moment is a fresh [...]
The Seaport District has seen tremendous growth and opportunity over the past five years, and its known as one of Boston’s fastest growing neighborhoods. Those that purchased a condo here a few years ago have seen a large increase in their investment – the average condo sale price has increased over 133% since [...]
Most retail rents in Boston are quoted in terms of rent per square foot per year. For example, leasing a 1,000 SF space for $60/SF would mean the annual rent is $60,000 - or $5,000 per month. Most retail leases in Boston are triple net (or NNN), meaning that the tenant also pays all or a portion of the real estate taxes and common area [...]
Deciding to hire an interior designer can not only increase the value of your home, but can also help you avoid some costly mistakes. Interior design is a crucial component when selling your home; it can boost buyer appeal, which can increase the value of your home.
If you’ve invested a good deal of money in your home, you will want to showcase it to look its best to prospective buyers. A designer offers a fresh set of eyes, trained to see things that you may not. In addition, professional designers have expertise in budgeting and planning, plus they bring an extensive list of resources for your renovation. They are invaluable in saving clients in time and headaches, identifying reliable contractors, plumbers, and electricians for their projects.
Lastly, a designer can offer you the “wow” factor. They can offer something outside of the box, that you would never think of, as a result of their trained eye and years of experience.