Chestnut Hill (Boston), Massachusetts the Best of Boston
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Retail Market Report Boston - MA
Retail Market Report Boston - MA PREPARED BY Ernest Wronka President Boston Retail RETAIL MARKET REPORT Market Key Statistics 1 Leasing 2 Rent 6 Construction 8 Under Construction Properties 10 Sales 12 Sales Past 12 Months 14 Economy 16 Market Submarkets 21 Supply & Demand Trends 28 Rent & Vacancy 32 Sale Trends 36 6/1/2021 Copyrighted report licensed to Wronka, Ltd. Commercial Real Estate Advisors - 54321 Overview Boston Retail 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth 632K 150K 3.0% -3.3% The Boston Retail Market has struggled, during the decade. Supply-side pressures will remain limited over coronavirus pandemic with net absorption negative by the near, term with under construction inventory about 200,000 SF and rents falling by about 5% over the representing less than 1% of the existing stock. last year. The local economy has struggled and the hardest hit sector has been the leisure and hospitality Investors have moved cautiously during the pandemic, industry. and investment declined in 2020 to a 7-year low. Sales volume picked up in 20Q4 compared with the previous Despite the market's struggles, vacancies remain below two quarters, however, and liquidity in 21Q1 was their historical average. Tight occupancies are largely stronger than in the mid-quarters of last year. As with due to a lack of supply, with annual deliveries rents, cap rates and market pricing have weakened consistently trailing the historical average over the last during the pandemic. KEY INDICATORS Net Absorption Under Current -
Merrimack, New Hampshire
MERRIMACK, NEW HAMPSHIRE PROPERTY OVERVIEW MERRIMACK PREMIUM OUTLETS® MERRIMACK, NH 95 Manchester MAJOR METROPOLITAN AREA SELECT TENANTS 93 Merrimack Manchester: 9 miles north Saks Fifth Avenue OFF 5TH, Bloomingdale’s - The Outlet Store, NEW HAMPSHIRE Nashua Nashua: 10 miles south American Eagle Outfitters, Banana Republic Factory Store, Calvin Klein 3 Boston, MA: 35 miles south MASSACHUSETTS Company Store, Coach, Cole Haan Outlet, Columbia Sportswear, Gap 3 Industrial Dr Exit 10 Continental Blvd. Outlet, GUESS Factory, J.Crew Factory, LOFT, Michael Kors Outlet, . RETAIL Nike Factory Store, Polo Ralph Lauren Factory Store, Tommy Hilfiger 495 Company Store, Under Armour, vineyard vines Tpke. 190 GLA (sq. ft.) 409,000; 100 stores F. E. Everett Boston TOURISM / TRAFFIC 90 OPENING DATE 290 Centrally located in southern New Hampshire, the center is 30 miles MERRIMACK Opened 2012 north of Boston, the eighth largest DMA in the country. New Hampshire PREMIUM OUTLETS Atlantic Ocean is a sought after shopping destination since it has no sales tax and is MERRIMACK, NH RADIUS POPULATION surrounded by other states that have high sales tax. Daily travel of the F.E. Everett Turnpike is estimated by the state to be 61,200 vehicles. 15 miles: 579,854 Many tourists are drawn to the area to visit New Hampshire’s natural 30 miles: 1,808,485 tourist attractions including fall foliage, world-class skiing in the White 45 miles: 4,956,980 Mountains, and the over 143 lakes in the Lakes Region. Locals from New Hampshire and Massachusetts account for 60% of the shopper base; tourists from Canada make up as much as 25% of the shoppers; and AVERAGE HH INCOME the remaining 15% are international travelers visiting seasonally and as 30 miles: $98,695 currency values fluctuate. -
Merrimack, New Hampshire
MERRIMACK, NEW HAMPSHIRE PROPERTY OVERVIEW MERRIMACK PREMIUM OUTLETS® MERRIMACK, NH 95 Manchester MAJOR METROPOLITAN AREA SELECT TENANTS 93 Merrimack Manchester: 9 miles north Saks Fifth Avenue OFF 5TH, Bloomingdale’s - The Outlet Store, NEW HAMPSHIRE Nashua Nashua: 10 miles south Ann Taylor Factory Store, Banana Republic Factory Store, Calvin Klein 3 Boston, MA: 35 miles south MASSACHUSETTS Company Store, Coach, Cole Haan Outlet, DKNY Company Store, Elie 3 Industrial Dr. Exit 10 Tahari Outlet, Gap Factory Store, GUESS Factory Store, J.Crew Factory, Continental Blvd. RETAIL Michael Kors Outlet, NikeFactoryStore, Polo Ralph Lauren Factory 495 Store, Talbots Outlet, Tommy Hilfiger Company Store Tpke. 190 GLA (sq. ft.) 409,000; 100 stores F. E. Everett Boston TOURISM / TRAFFIC 90 OPENING DATE 290 Major tourism attractions in New Hampshire include lakes, ski areas, MERRIMACK Opened 2012 golf courses and vacation homes. Merrimack is a one-hour commute PREMIUM OUTLETS Atlantic Ocean from Boston, one hour from the seacoast and one hour from the MERRIMACK, NH RADIUS POPULATION mountains. There are 61,200 vehicles that travel daily on the F.E. Everett Turnpike. New Hampshire has no sales tax and is surrounded by high 15 miles: 575,397 sales tax states. Boston is the eighth largest DMA in the country. 30 miles: 1,794,470 45 miles: 4,913,198 LOCATION / DIRECTIONS AVERAGE HH INCOME At F.E. Everett Turnpike and Industrial Drive (Exit 10) in Merrimack, NH. 30 miles: $95,952 Information accurate as of 5/1/16. Source: SPG Research; trade area demographic information per STI: PopStats (2015). MASTER PLAN PREMIUM OUTLETS BLVD. -
Retail Leasing
Retail Leasing Symbiotic relationships between landlords and tenants have never been more important, as property owners court retailers with brands and experiences that drive repeat traffic, and retailers continue to refine the size, quantity, and location of their brick-and-mortar spaces. In this environment, clients want to work with lawyers who enjoy finding a way to arrive at a win-win deal – and we are known in the market for just that. Our approximately 30 lawyers and seasoned paralegals have decades of experience representing both landlords and tenants through multiple economic cycles and shifting consumer behaviors and preferences. The depth and breadth of the team allows us to be equally well positioned to advise our clients on the most complicated deals and a steady stream of routine deals. We have seen virtually every type of deal related to leases for space in office towers, shopping centers (including malls and outdoor centers), mixed-use projects, street and urban locations, major metropolitan airports, major entertainment complexes, and standalone facilities, coast to coast, and which provisions tend to become sticking points for both sides. We know “what’s market” (and often “make market”). Our clients rely on us for cutting-edge, efficient, pragmatic representation, leveraging established procedures and processes and our team of highly trained and dedicated paralegals who, with the assistance and supervision of attorneys, assist in the drafting and negotiation of leases. In addition, we enjoy contacts with lawyers within every jurisdiction in which we work across the country, thereby enabling us to keep apprised of local and state decisions, laws, regulations and customs.