Ever wonder what “Evacuation Day” is? After a British-led, 11-month siege of Boston, the Continental Army pushed the Red Coats out to sea with cannons placed high above the harbor in Dorchester Heights. The “Evacuation” is no now celebrated in Boston and Somerville on March 17 (“free parking” everyone!).
Interesting stats from the PAST month: (sublease & direct – in all cases temp space excluded) from Mass Ave to the Seaport, South End to North Station.
- 83 spaces hit the market as available in the subject area equating to ~708,000 SF, mostly due to: 46325 SF @ 1 Bowdoin; SF 190812 @ 100 Causeway; 28301 SF @ 100 Cambridge; and slew of spaces from 1000 – 5000 SF spaces;
- 37 spaces cameoff the market equating to ~274,000 SF, mostly due to 94510 SF @ 10 St. James; 22500 SF @ 179 Lincoln; 18998 @ 100 Summer;
- Total Availability (direct & sublease) ticked up, now at ~19.3 MM SF, which equates back to ’07 – ’08 and the 2000 dot-com bust.