In June and July of this year, the Fed raised the interest rate at the fastest pace in forty years: it raised the federal funds rate 75 basis points at each open market committee meetings. Why did it do so, and what do its actions and current economic data say about the economy? This report will investigate and answer these questions, as well as explore the thinking that is guiding the Fed’s policies and explain…
2022 Q2 Economic Reports
GDP GROWTH: TRENDING IN Q2 2022 The U.S. economy contracted for the second straight quarter as a tightened monetary policy and high inflation took more steam out of consumer spending and businesses trimmed inventories. The Commerce Department said the nation’s gross domestic product – the value of all goods and services sold – fell by an 0.9% annualized rate in the second quarter. The new reading coupled with the 1.6% first-quarter decrease means the economy…
2Q 2022 Boston Industrial Market Overview
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…
Q1 2022 Boston Market Reports Released
The Q1 2022 Boston Market Reports for the Retail, Industrial and Office sectors are now available. CLICK HERE to access the reports.
2021 Q2 Market Reports Now Available
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…
2020 4Q Boston Retail and Office Market Reports Now Available
The 2020 4Q market reports for Boston’s retail and office markets are now available. For the 2020 4Q Industrial Market Report and to view previous reports, please visit our Research page.
Mitchell Jacoby, MCR, Joins CRE Firm, LEE & Associates Boston
Lee & Associates Boston announced today that Mitchell Jacoby, MCR, has joined the team and will be a Principal with the firm. Jacoby focuses on advising corporate clients in their office and industrial space needs across North America which includes site selection, market evaluation, financial analysis, lease negotiations and due diligence, coordinating client efforts including executive team, human resources, IT and finance. These companies include venture-backed start-ups to Fortune 100 businesses with global real estate…
Q4 20 Boston Industrial Market Report
Q4 20 Boston Industrial Market Overview by Ty Janney, Managing Principal Increased demand for last mile distribution services coupled with surging life science demand for “bio ready” industrial inventory were the headlining factors in Eastern MA industrial markets in 2020. This year, Amazon alone has leased over 2M SF in the greater Boston market capped by a 148,000 SF lease in Salem, MA in Q4. Read the full report here.
3Q20 Market Reports Are Now Available
The 3Q Market Reports for Boston’s industrial and office markets are now available in the RESEARCH section of our website. CLICK HERE to get the latest information on these Boston markets.
Bob Elmer featured in REBusiness Online article “Wanted: Essential, Durable Retailers in Boston”
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,…