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Lab, Life Science Space Will Only Drive Our Recovery If Nurtured

The demand for lab and life science space is driving construction all over the commonwealth, and there’s no slowdown on the horizon. Existing vacancies in Boston are at 1.1 percent and the larger market is hovering at 2.5 percent. This lack of supply has caused pricing to skyrocket where other sectors of commercial real estate have stalled. As one example, rents in Watertown hit levels comparable to Kendall Square’s pre-pandemic rents earlier this year. While new construction and lab conversions are up, prices remain high, as demand continues to exceed supply. The majority of new space coming online in 2022 is already committed.

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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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Boston First to Embrace Obama-Era Zoning Rules

Boston will become the first major city in the country to incorporate Obama-era, federal anti-discrimination rules into the process of reviewing major new apartment and condo projects. This article was originally published in ENR New England on December 21, 2020.

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COVID-19 Update: Municipalities Receive New Guidance for Project Review; Governor Baker Files Revised Budget Proposal; Eviction Moratorium Ending Oct. 17; Mayor Announces Housing Stability Pledge for Landlords

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

The week of October 12 saw several actions taken regarding the state’s COVID-19 response.

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Optimism Colors Shifting Views of Development Market

The Rubber Meets the Road with Realities of Resilient Reentry

SEPT. 15, 2020…..Commercial real estate and development experts said they are confident that the pandemic won’t spell the end of the development boom in and around Boston, but they said they are keeping their eyes on consumer and workforce trends that might reshape their industry.

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