May 24th, 2024
Thanks to its academic status and thriving innovation scene, Boston is considered one of the top business hubs on the East Coast. In particular, the city and the surrounding areas have become the destination of choice for many startups, not only due to the availability of talent and funding, but also given the quality and diversity of office accommodation options.
In this article, we offer detailed insights into the cost of renting office space in Boston, district by district.
Office market trends in Boston
Over the past decade, the Boston office space market has seen fluctuating performance, witnessing shifts in demand and supply. Initially, the growth of the tech and life sciences sectors contributed to the expansion of the office market, with the development of new and modern spaces that could accommodate the requirements of these occupiers. Low vacancy levels translated into increasing asking rates, in particular in areas like East Cambridge and Sommerville, while other tenants were pushed out of the market as they couldn’t always compete with the budget of occupiers like MIT, Novartis, and Google.
Read the rest of this entry »
Tags: Boston, Business Advice, commercial property, Commercial Real Estate, Office Market Trends, Office Rental, Office Space Trends and Forecasts
Posted in Boston, Business Districts, CBD's, CRE, Market Overviews, Office Planning, Office Space Forecasts and Trends | No Comments »
Add to: Del.icio.us | Digg
February 11th, 2021
With a market size of nearly $900bn, the United States has one of the world’s largest commercial real estate markets, coupled with some of the most desirable business locations to match. This post serves as the first part of our examination into the US market’s performance based on data from Q4 2020 and Q1 2021.
Read the rest of this entry »
Tags: 2021, Boston, Dallas, dc, new york, philadelphia, San Francisco, vacancy and supply, Washington
Posted in Best Cities for Business in the USA, Boston, Dallas, DC, Manhattan, New York, Office Space Forecasts and Trends, Philadelphia, San Francisco, Trends and Statistics, Washington | No Comments »
Add to: Del.icio.us | Digg
February 12th, 2015
The city of Boston has histrorically had a reputation for its international ports and its textile manufacturing industry. Manufacturing in general has dropped in the US over the years, however while the textile manufacturing industry still remains very strong in Boston, other industries have become more dominant in the last 20 years, and Boston continues to be a viable economic center that is still experiencing growth.
Major Industries in Boston
The economy in Boston has seen a shift away from textile manufacturing and more towards technology manufacturing and service industry jobs. The major industries in Boston can be broken down into the urban industries and the suburban industries. In the city of Boston itself, the primary industries are finance and professional services. The city also contains much of Boston’s technology manufacturing as well.
The suburban areas of Boston rely primarily on technology manufacturing and national defense. The outlying areas of Boston are populated with a wide variety of skilled technical workers and military bases. Read the rest of this entry »
Tags: Boston, Business Advice
Posted in Boston, Business Advice, Business Spotlights | No Comments »
Add to: Del.icio.us | Digg
July 5th, 2012
Famous Family Members of the Boston Brahmin
Boston has long been famous for political personalities and the changes they brought about in America as a whole. Another group has also brought notoriety to this city throughout its history. These families began as the Boston Brahmin, a group of influential industrialists who formed the city’s philosophical atmosphere.
The Adams family was one of these families. Charles Francis Adams IV was born in Boston, graduated from Harvard in 1932 and attended Harvard Graduate School of Business Administration. In later life he was awarded honorary degrees from Bates College, Northeastern University, Suffolk University and Tufts University. He spent his working life in industrial electronics and was the first president of the Raytheon Company.
Boston’s Lowell family was another of the Brahmins. The Honorable John Amory Lowell became first Treasurer of both the Merrimack Manufacturing Company and Boott Cotton Textile Mills. He acted as Director of the Winnipiseogee Lake Cotton and Woolen Manufacturing Company. Lowell was a Fellow of the American Academy of Arts and Sciences and Harvard College. He was a member of the Linnean Society of London and Harvard honored him with an LLD. His financial acumen and high intellect allowed the Lowell Institute to flourish, supporting celebrated personalities in science, literature, politics, economics, theology and philosophy. Read the rest of this entry »
Tags: Bates College, Boott Cotton Textile Mills, Charles Francis Adams IV, Clara Endicott Sears, Harvard Graduate School of Business Administration, John Amory Lowell, Josiah Quincy, Jr, Massachusetts Historical Society, Merrimack Manufacturing Company, Northeastern University, Philippe de Lannoy, Robert Charles Winthrop, Suffolk University, Tufts University
Posted in Boston, Entrepreneurs, Famous People | No Comments »
Add to: Del.icio.us | Digg
