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Opinion: The Future of Work Report Misses the Mark

But there is a big miss in McKinsey’s report. It’s no secret that office space was hard hit by the pandemic — walking in downtown Boston for the past year has been more akin to walking in a ghost town. But McKinsey’s topline conclusion that the demand for office real estate may fall as workers spend more time in residential areas due to hybrid work, uses employer and employee data from before vaccines were available to everyone, and conflates a hybrid work-schedule with the need for less physical space.

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Optimism and Recovery Expected for CRE in Second Half of 2021

City at Dusk

While certain sectors are leading the way and others are still catching up, the overall projections for the market are optimistic. Just like in 2008, the Greater Boston market’s access to talent, driven by the many top-tier colleges and universities, is our greatest competitive advantage.

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COVID-19 UPDATE: Governor Baker Announces Timeline for Continued Reopening; Mayor Janey Releases Slightly Altered Timeline for Boston

COVID-19 Update: Baker-Polito Administration Moves Forward with Transition to Phase 4, Step 1

On April 27, the Baker-Polito Administration announced that Massachusetts will reopen some outdoor Phase 4, Step 2 industries effective May 10th and put plans in place for further reopening on May 29th and August 1st. The Administration continues to take steps to reopen the Commonwealth’s economy with public health metrics continuing to trend in a positive direction.

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The Rubber Meets the Road with Realities of Resilient Reentry

The Rubber Meets the Road with Realities of Resilient Reentry

Last year was a pivotal time for commercial real estate across Massachusetts, and while 2021 is showing promise, there is a long way to go before we get back to pre-pandemic market stability and growth. In addition to the vaccine rollout there are a few critical components to the successful and resilient reopening of the economy.

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COVID-19 Update: Governor Baker Announces New Restrictions Designed to Curb the Spike of COVID-19: Business Capacity, Gathering Limits, and Hospital Requirements Updated

COVID-19 Update: Baker-Polito Administration Moves Forward with Transition to Phase 4, Step 1

Today, Governor Baker announced new statewide restrictions designed to curb the recent spike in COVID-19 cases in Massachusetts. These restrictions will go into effect starting Saturday, December 26 and be in place for at least 2 weeks. It is the goal of the Baker-Polito Administration to keep these measures temporary, but extensions may be required based on public health data.

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COVID-19 Update: Boston Mayor Marty Walsh Announces a City-Wide Rollback to Modified Phase II, Greater Boston Communities Expected to Follow Suit

COVID-19 Update: Baker-Polito Administration Moves Forward with Transition to Phase 4, Step 1

Today, Mayor Marty Walsh announced that the City of Boston will rollback to a modified Phase II based on the most recent public health metrics for a minimum of 3 weeks.

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COVID-19 Update: Governor Announces Statewide Rollback to Step III, Phase 1 Reopening; Workplace, Office, Retail and Restaurant Guidance Revised; DPH Releases Updated Return to Work Guidance

COVID-19 Update: Baker-Polito Administration Moves Forward with Transition to Phase 4, Step 1

The Baker-Polito Administration announced several actions yesterday and today in an effort to contain the recent COVID-19 case rise in the Commonwealth.

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