Boston houses some of the most vibrant commercial real estate submarkets in the country. Continuing its transformative growth from the previous year, Boston’s office market has experienced constant development and diminishing vacancies throughout 2015. To help shed some light on the future direction of the hub’s office market, we’ve highlighted some of the most impactful leasing trends that we expect to shape commercial real estate in Boston going forward.
East Cambridge- Tenants are getting priced out/forced out. They are seeking relief in Boston & West Cambridge.
Seaport- Brick & Beam Space is Rising. Commanding a 5-8% rent premium.
Financial District- The Class B Renaissance has swept the FD. Sophisticated ownership, increased housing & retail amenities are reviving the submarket.
Back Bay- Back Bay is transforming into a world class neighborhood. New towers in the ground like 888 Boylston & a major overhaul to the Prudential Mall including the Eataly.
North Station- Largest concentration of Brick & Beam space outside of Seaport. New development with new and better retail combined with great access will transform North Station over the next 5-10 years.
The key trends we’re currently seeing revolve around a group of Boston’s hottest commercial submarkets: Back Bay, the Financial District/Midtown, Seaport, North Station/North End, and the South End. View more about these neighborhoods: