The Greater Boston office market ended 2018 with a bang as absorption gains of nearly one million square feet pushed vacancies down to 11.6% in the fourth quarter of last year, according to a report by a Boston brokerage firm. Year-to-date net absorption totaled nearly 1.6 million square feet as out-of-market demand and local growth resulted [...]
Boston has made it into the top 10 best real estate bets for 2019. In 2018, jobs grew at an unprecedented rate of 2.5 percent. Home prices went up 6 percent, and income went up 6 percent as well. The average home is listed for $426,000 and the average monthly rent is $1,614. Taking all of these factors into consideration, Boston area real [...]
Developers are taking luxury homes in an unexpected direction: Underground.
Across the luxury market, we’re seeing more and more "extravagant basements" or lower levels being built into homes. While this square footage isn't considered as valuable as above grade, it still allows for a higher selling price and returns on investment. Keep in [...]
Most prospective real estate investors can spot red flags indicating a bad investment — a long listing time, steadily declining asking prices, high neighborhood turnover, etc. But what about "green flags"? Signals that an investment might be promising are just as important to consider, and you don't want to overlook them when you're hunting [...]
Preliminary 2017 election for Boston mayor is right around the corner!
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