Blue is Greater Boston’s definitive resource for commercial office real estate discussion & analysis. While nicknamed "The Hub," the city of Boston is actually surrounded by a successive array of large cities in its exurban layer, in a hub and spoke-like pattern; we take a look at this pattern when compared to the other of the country's seven largest metropolises - and wonder if this could be part of our congestion & pricing solution!

 
 
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BLUE Q2 2019

• Raytheon agreed to a merger with United Technologies. A move with big area occupancy implications.

• Bank of America agreed to renew its lease at 100 Federal Street for more than 500,000 SF.

• Nine groundbreakings, totaling 3.6 million SF of new construction market-wide.

• East Cambridge and Industrial South Boston investment values have spiked with surging rents and prospects.

• Nearly one million SF is set for imminent construction, including a 385,000 SF expansion of Google’s Cambridge campus at Kendall Center.

... & much, much more!

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BLUE Q1 2019

• Positive absorption of 891,000 sf as occupancy has risen by more than 18 million sf since 2010

• A 510,000 sf lease by State Street set to anchor the 1.1 million sf Bulfinch Crossing tower

• Three leases nearing execution to result in three build-to-suit projects totaling at least one million sf

• The emergence of Logan Airport as a key international link, serving a record 40 million passengers in 2018

• A commitment by Puma to anchor a 300,000 sf potentially final commercial building at Assembly Row

... & much, much more!

 

BLUE Q4 2018 HIGHLIGHTS

  • Positive absorption of 825,000 sf as occupancy has risen an average of 550,000 sf over 35 quarters

  • A Cambridge record-breaking 900,000 sf lease commitment from Sanofi at Cambridge Crossing

  • The establishment of research operations of both Apple and Capital One on MIT's campus

  • The nearing of commercial development at Bulfinch Crossing, and a groundbreaking at Winthrop Center

  • The latest >$1,000 per sf sale transaction in the Seaport

  • ... and much, much more!