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Q2 2022 Boston, MA OFFICE MARKET OVERVIEW ERIC SOLEM, Managing Principal | President   Despite the turmoil in the financial markets in Q2 2022, demand levels for the Boston office market stayed constant. A significant number of leases signed, with over 90%, in Class A buildings and a significant portion of that occurring in brand new construction. Thus, the “flight to quality” movement continued to drive demand as the hybrid workforce model remains in favor…

Q2 2022 Boston, MA INDUSTRIAL MARKET OVERVIEW TY JANNEY, Managing Principal   Rising costs for land, construction materials and labor continue to drive upward pressure on industrial lease rates in the greater Boston market in the second quarter. Pre-leasing activity was announced at Centech Park North in Shrewsbury, MA (310,000 SF under construction) with SGPS Showrig, an entertainment equipment supplier, signing for 49,524 SF, demonstrating continued strong occupier demand. However, quarterly vacancy rates held steady…

The Q1 2022 Boston Market Reports for the Retail, Industrial and Office sectors are now available. CLICK HERE to access the reports.  

The 2021 Q2 Market Reports for the industrial, retail and office markets in Boston are now available.   INDUSTRIAL MARKET OVERVIEW TY JANNEY, Managing Principal With a vacancy rate of 4.5%, the lowest in 10+ years, Boston’s industrial market continues to soar with a 1M SF net increase in 12 mo. net absorption. These values explain the consistent growth in the market with increasing GMP conversion and high demand for “last mile” distribution. Read full…

Robert M. Elmer, Managing Principal of Lee & Associates Boston was featured in a Real Estate Business Online article written by Alex Patton, “Wanted: Essential, Durable Retailers in Boston”. Bob shares his insight on the impact of the COVID-19 pandemic on the Boston area restaurant market and how their survival is somewhat dependent on their ability to provide delivery services. Experiential Concepts Reeling While net lease retail properties are reopening and shoppers are steadily returning,…

Eric Solem, Robert Elmer and Ty Janney, managing principles of Lee & Associates Boston, are featured in the June 9th BISNOW article, Density Concerns Have Lab Tenants Looking Beyond Kendall Square. Written by Benjamin Paltiel, custom content writer for BISNOW, the article focuses on the demand for laboratory space, specifically in Cambridge’s Kendall Square, and how the pandemic has companies considering less dense areas outside of Boston. Density Concerns Have Lab Tenants Looking Beyond Kendall…

Lee & Associates Boston is excited to announce that Patrick Plante has joined the Corporate Solutions team as a Senior Associate. Patrick will focus on Buyer and Tenant Representation and developing long-term partnerships in order to best help translate a company’s unique business goals and objectives into a comprehensive and strategic real estate plan.    Over the past 10 years, Patrick has worked for Massachusetts based tech startups, mid-sized and large companies managing their corporate real estate and facilities, leading negotiations, providing growth and strategy planning and spearheading multiple…