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Welcome to BostonCassidy Turley has one of the most experienced teams focused on delivering commercial real estate services. We have an extraordinary understanding of Boston's real estate market as it relates to the business world and can provide our clients with the insight needed to keep your company informed and ahead of the curve. We invite you to join the conversation with us on our Blog, Twitter! or LinkedIn pages and discover how our team can help you with your commercial real estate needs.

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An Analysis of Boston's 2012 Leasing Deals [INFOGRAPHIC]

By Ashley Lane, Director of Research

If you are a tenant in the market for office space in Boston this year, you may want to consider the findings of Cassidy Turley’s research team.  Their analysis of Boston’s 2012 deals pinpoints trends and changes in a city that is beginning to rival Cambridge’s Kendall Square as a hub for start-ups and tech firms.

The city has historically been home to the region’s most traditional (Finance/Insurance/RealH  Marketing 2012 DLT Thumb Estate and Business Services) organizations so it’s no surprise that nearly half of the deals executed in Boston last year were with tenants in the FIRE industries.  What may be surprising is the rapidly growing popularity of downtown Boston among start-ups and technology entrepreneurs as an alternative to Kendall Square – 44% of the deals signed in the Seaport District were with technology-based firms.  Diminishing availability in the Seaport District has pushed rental rates in the young neighborhood to levels comparable to established markets such as Back Bay.

What hasn’t changed (yet) is low rise (floors 1-12) space in the Financial District as a value play – where rents were, on average, 18% lower than those in mid-rise space (floors 13-22).  While certain landlords consistently achieved above-market rents, others have loosened credit standards and are becoming more start-up friendly. Keep in mind that demand from growing technology firms is increasing, and rent premiums are expected to climb in the next two quarters.

We hope you will find the following analysis helpful as you navigate the city.   

Comments

The Seaport District is growing like crazy in Boston. I wish I had bought some land down there 20 years ago.
Posted @ Tuesday, May 27, 2014 4:13 PM by homes for sale in newton ma
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