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Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

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Boston, MA

Apartment
The 232,300-unit metro Boston market-rate, investment-grade apartment market remains in a 'new normal' situation, with a vacancy rate that is in excess of the U.S. average. Reis reports a vacancy rate of 5.0% for the second quarter of 2019, down 10 basis points from the prior quarter and down 20 year-over-year. The second quarter saw the average asking rent decrease 1.6% to $2,403 per month while the average effective rent increased 1.7% to $2,278 per month. The year-over-year gains are 3.5% and 3.7%, respectively. VIEW APARTMENT LISTINGS >
Industrial
Metro Boston's 66-million-square-foot Flex/R&D market second quarter 2019 vacancy rate for Flex/R&D space is 10.7%, up 50 basis points over the quarter and up 40 year-over-year. Rent gains have slowed. The average asking rent increased 0.5% during the second quarter to $13.47 psf, but the average effective rent fell 0.3% to $11.57 psf. The year-over-year gains are just 1.4% asking and 1.0% effective. The metro area's 132.65-million-square-foot warehouse/distribution market vacancy rate is 8.1% for metro Boston, down 20 basis points over three months but up 40 over twelve months. For Boston's warehouse/distribution space rents increased 0.3% by both measures during the second quarter, to $7.00 psf asking and $6.02 psf effective. The year-over-year gains are just 1.3% asking and 1.0% effective. VIEW INDUSTRIAL LISTINGS >
Office
Metro Boston's 134.9-million-square-foot general purpose, multi-tenant office market continues to expand, with moderate vacancy and rent gains and accelerating development. The second quarter 2019 vacancy rate is 12.8% according to Reis, essentially unchanged during the quarter but up 20 basis points year-over-year. During the second quarter of 2019 both the average asking rent and the average effective rent increased 0.9% in metro Boston, to $44.91 psf and $37.48 psf. The year-over-year gain is 1.9% by both measures, less than in any calendar year since 2013. VIEW OFFICE LISTINGS >
Retail
Boston's 37.6-million-square-foot community- neighborhood shopping center market vacancy rate was 7.4% in the second quarter of 2019 according to Reis, up 10 basis points for the quarter and up 60 from a year earlier. During the second quarter of 2019 the average asking rent increased 0.2% to $24.46 psf, and the average effective rent rose 0.3% to $22.19 psf. The year-over-year gains are 2.2% asking and 2.3% effective, solid increases at more than the overall rate of inflation. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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