News

Lee & Associates Boston is pleased to announce that John Nasca has joined the firm as Executive Director and will lead the Capital Markets team. With over 10 years of experience in the commercial real estate industry, John has executed on more than $2 billion of office, industrial, and life science transactions in Greater Boston.   “I’m thrilled to join the Lee & Associates Boston team and to have the opportunity to lead and grow…

Since 2013, the rise of e-commerce has caused such an enormous boom in industrial real estate that it has become the preferred asset class of many commercial real estate investors. At the heart of the e-commerce revolution has been Amazon. Even before the pandemic, the firm had around 192 million square feet of warehouse, data center, and distribution space across the U.S. and Canada. Since the pandemic, it has added over 220 million square feet…

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…

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…

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…

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…

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.

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…