Boston Office Market Report
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Boston Office Market Report
BOSTON OFFICE MARKET REPORT FOURTH QUARTER 2019 FLURRY OF ACTION WRAPS UP STRONG YEAR Long considered one of the nation's most historical and steadfast cities, Greater Boston has undergone an evolution over the past decade and become one of the world's most dynamic gateway cities and top tier investment markets. A global icon for its outstanding research universities, medical centers and technological advancement, Greater Boston's expansion has been fueled by its diverse economy and record setting venture capital and NIH funding. Not only has the local population grown at a rate well above the national average, but the job market has kept pace with the state's unemployment rate measuring below three percent. The marked increase in both population and job growth can largely be attributed to over 40% of students from local universities and colleges that are electing to remain in Boston following graduation. Not surprisingly, Greater Boston's workforce has become one of the nation's most youthful, with 35% of its workers between the ages of 20 and 34 compared to the national average of only 20%. The region's strengthening demographics and economy have promoted a transformative phase across the state that has ushered in new retail, residential and infrastructure development that has not been achieved in decades. Looking forward, expect durable market conditions and a diversified economy to guide the region's commercial real estate market to a strong performance over the next several years. 2.9% 3.5% $11. 5 B #1 NOVEMBER NOVEMBER GREATER BOSTON NATIONALLY MASSACHUSETTS NATIONAL VC FUNDING R&D FUNDING UNEMPLOYMENT UNEMPLOYMENT (2018) PER CAPITA CLASS A MARKET ASKING RATE VS. -
Greater Boston Market Viewpoint
GREATER BOSTON MARKET VIEWPOINT 3RD QUARTER 2014 Accelerating success. MARKET VIEWPOINT | Q3 2014 Boston Overview The vacancy rate in the 62.8-million-square-foot Boston office The largest third quarter leases represented Financial District market dropped to 11.1% during the third quarter, and nearly Class A buildings, with select transactions including: 800,000 square feet of positive absorption was recorded. The core Financial District and Back Bay submarkets were largely Tenant Address SF Submarket Financial responsible for the increased occupancy, with 522,000 and Sonos (n) Lafayette City Center 170,000 District 248,000 square feet of absorption, respectively. Financial CDM Smith (n) 75 State Street 170,000 While most of the smaller peripheral submarkets report single- District Financial State Street Bank (r) 100 Summer Street 167,000 digit vacancies, the vacancy rate in the Financial District is 13.1%, District a marked improvement from early 2011 when it topped 20%. Financial Choate Hall & Stewart (c) Two International Place 135,000 District Statistics in the core submarkets are as follows: Financial Jewish Vocational Service 101 Federal Street 42,200 District Supply Market Segment SF Available Vacancy Rate Financial Atlantic Trust 100 Federal Street 40,000 (SF) District Financial District – Class A 27,544,321 3,847,840 14.0% (n) = relocation from Cambridge (c) = contraction (r) = renewal Financial District – Class B 6,054,905 542,551 9.0% Back Bay – Class A 10,863,855 1,131,593 10.4% • The Financial District accounts for a slightly disproportionate Back Bay – Class B 2,030,085 311,428 15.3% share of the leasing activity thus far in 2014, with roughly 60 Seaport – Class A 3,067,295 209,696 6.8% percent of transaction velocity, compared to the Back Bay and Seaport – Class B 4,545,896 343,677 7.6% Seaport at 23 percent and 11 percent, respectively. -
Directory of Massachusetts LOBBYISTS 617.646.1000 - BOSTON - WASHINGTON DC GREG M
Directory of Massachusetts LOBBYISTS 617.646.1000 - www.oneillandassoc.com BOSTON - WASHINGTON DC GREG M. PETER J. VICTORIA E. MARK K. MATTHEW P. D’AGOSTINO D’AGOSTINO IRETON MOLLOY MCKENNA Lobbying & Public Aairs Providing comprehensive state and municipal advocacy. PRACTICE AREAS: TRANSPORTATION | HEALTH CARE PUBLIC SAFETY | REGULATIONS | ENERGY ENVIRONMENT | CANNABIS FINANCIAL SERVICES | EMERGING INDUSTRIES 12 POST OFFICE SQUARE, 6TH FLOOR | BOSTON, MA 02109 | 6175743399 WWW.TENAXSTRATEGIES.COM David Albright Oamshri Amarasingham Cynthia Arcate Jewish Alliance for Law and Social Action American Civil Liberties PowerOptions, Inc. A 18 Tremont Street, Suite 320 Union of Massachusetts 129 South Street, 5th Floor Boston, MA 02108 211 Congress Street Boston, MA 02111 Anthony Arthur Abdelahad (617) 227-3000 Boston, MA 02110 (617) 428-4258 Ventry Associates LLP (617) 482-3170 1 Walnut Street Walter Alcorn Luz A. Arevalo Boston, MA 02108 Consumer Technology Association Robert J. Ambrogi Greater Boston, Legal Services (617) 423-0028 1919 South Eads Street Law Office of Robert Ambrogi 197 Friend Street Arlington, VA 22202 128 Main Street Boston, MA 02114 Tate Abdols (571)239-5209 Gloucester, MA 01930 (617) 603-1569 Onex Partners Advisor, Inc. (978) 317-0972 161 Bay Street Theodore J. Alexio Jr. Derek Armstrong Toronto, ON M5J 2S1 Essential Strategies Inc. Shannon Ames Bank of America, N.A. (416) 362-7711 One State Street, Suite 1100 Low Impact Hydropower Institute 100 Federal Street Boston, MA 02109 329 Massachusetts Avenue, Suite 6 Boston, MA 02110 Brendan Scott Abel (617) 227-6666 Lexington, MA 02420 (617) 434-8613 Massachusetts Medical Society (781) 538-4266 860 Winter Street Waltham, MA 02451 Daniel Allegretti Gabriel Amo Kristina Ragosta Arnoux (781) 434-7682 Exelon Generation Company, LLC Magellan Health 1 Essex Drive The Home Depot 8621 Robert Fulton Drive Bow, NH 03304 166 Valley Street, 6M222 Columbia, MD 21046 Lisa C. -
Boston Office Market Report
BOSTON OFFICE MARKET REPORT THIRD QUARTER 2017 FLAT ABSORPTION AMIDST MOVING PIECES As the nation’s 10th largest metro and population growth exceeding San Francisco, New York and Los Angeles, Boston has cemented its status as one of the premier Global Markets as a “must have” location. Not surprisingly, rumors surrounding Amazon’s HQ2 are running rampant with many local professionals thinking the Hub stands an excellent chance to land the second behemoth headquarters for the booming Amazon. In addition to the buzz surrounding the potential Amazon expansion, the local market remained extremely active with several large chips announcing relocations this quarter. Rental rents have responded favorably with the average rate eclipsing $55.26 per square foot. With a combined vacancy rate at 7.0% across Downtown’s eight distinct submarkets, the overall market has remained at its lowest levels since the dot-com boom of the early 2000’s. Firmly rooted in education, technology and life sciences, the region’s diverse economic base has submitted strong job growth through increased recruitment and skilled labor retention from the area’s leading universities and institutions. Looking forward, expect sound market conditions and a diversified economy to guide the greater Boston commercial real estate market to a strong performance over the next several years. # 4.2% # 4.4% # 2.9% 4th AUGUST AUGUST ANNUAL HIGHEST GDP MASSACHUSETTS NATIONAL WAGE GROWTH PER CAPITA UNEMPLOYMENT UNEMPLOYMENT NATIONALLY MARKET TRENDS CLASS A - ASKING RATE BOSTON 10TH LARGEST -
Boston Office Market Report
BOSTON OFFICE MARKET REPORT SECOND QUARTER 2018 NO SIGNS OF SUMMER SLOWDOWN Greater Boston's market showed no signs of weakening during the second quarter by recording strong growth from numerous industry types. The market continued receiving inbound demand as well as converting organic growth into significant expansion. Most notably, Amazon's commitment to nearly 430,000 square feet at Parcel L4 in the Seaport reflects inbound demand while Wayfair's torrid expansion into roughly 395,000 SF in the Back Bay at 222 Berkeley and 500 Boylston Street exemplifies organic growth. The region's demographics and economy have remained solid which has supported and promoted Boston's recent expansion. Firmly rooted in education, technology and life sciences, Boston's diverse economic base has submitted strong job growth through increased recruitment and skilled labor retention from the area’s leading universities and institutions. Looking forward, expect durable market conditions and a diversified economy to guide the region's commercial real estate market to a strong performance over the next several years. 3.5% 3.8% # $2.6B 2ND MAY MAY MA QUARTERLY NATIONALLY IN MASSACHUSETTS NATIONAL VC FUNDING (Q1) QUARTERLY (Q1) UNEMPLOYMENT UNEMPLOYMENT VC FUNDING CLASS A MARKET ASKING RATE VS. DIRECT VACANCY TRENDS $64.00 16.0% $61.00 14.0% $58.00 12.0% GLOBAL DESTINATION $55.00 10.0% World leader in medical innovation and $52.00 8.0% technological advancement $49.00 6.0% TOWER SALES RIPPLE $46.00 4.0% EFFECT Will recent Class A Tower sales push $43.00 2.0% rental rates even higher? $40.00 0.0% 201720162015201420132012201120102009200820072006 YTD2018 TECHNOLOGY & Average Asking Rate Direct Vacancy (%) INNOVATION HUB Fortune 500 leaders and 1,900 homegrown startups CLASS B BUILD TO SUIT AND ASKING RATE VS. -
TD GARDEN LEGENDARY TRANSFORMATION UPDATES Details of the More Than $100 Million Investment & Arena Expansion Announced for Start of 2019-20 Season
TD GARDEN LEGENDARY TRANSFORMATION UPDATES Details of the More than $100 Million Investment & Arena Expansion Announced for Start of 2019-20 Season BOSTON (September 17, 2019) – Delaware North, a global leader in hospitality and the owner and operator of TD Garden, announced last November that a massive, 50,000 square foot and more than $100 million expansion of the 23-year-old arena would be taking place over the next two years. Now, nearly a year later, there are many exciting updates to share with fans as TD Garden readies itself for the 2019-20 season. “Through tremendous teamwork and round the clock efforts, our project teams are in the final stages of TD Garden’s ‘Legendary Transformation’, successfully bringing a whole new level of fan experience to life this season,” said Amy Latimer, president of TD Garden. “We are so excited for the Bruins and Celtics seasons to kick off, and for our guests to enjoy all-new seats, game presentation enhancements, expanded concourses, thoughtfully designed gathering areas and clubs, delicious food and beverage options, and a new level of Rafters seating for fans.” ✓ NORTH STATION GARAGE EXPANSION: The North Station Garage, located beneath TD Garden with entrances on 121 Nashua Street and 140 Causeway Street, has expanded by nearly 500 additional parking spots. Two new elevators have been added to the expanded parking garage levels (P1-P4) and provide convenient access to The Hub on Causeway, North Station concourse, and TD Garden entrance. Status: Complete ✓ TD GARDEN ENTRANCE: TD Garden now has an official front door with a fitting grand entrance directly from Causeway Street through The Hub on Causeway. -
Suffolk University Institutional Master Plan Notification Form
SUFFOLK UNIVERSITY Institutional Master Plan Notification Form Submitted to Prepared by Boston Redevelopment Authority Vanasse Hangen Brustlin, Inc. Boston, Massachusetts In association with Submitted by Chan Krieger Sieniewicz Suffolk University CBT/Childs Bertman Tseckares, Inc. Boston, Massachusetts Rubin & Rudman LLP Suffolk Construction January, 2008 SUFFOLK UNIVERSITY Table of Contents 1. INTRODUCTION Background.............................................................................................................................1-1 The Urban Campus ................................................................................................................1-2 Institutional Master Planning Summary ..................................................................................1-3 2002 Suffolk University Institutional Master Plan....................................................1-3 2005 Amendment to Suffolk University Institutional Master Plan ...........................1-4 2007 Renewal of the Suffolk University Institutional Master Plan...........................1-5 2007 Amendment to Suffolk University Institutional Master Plan – 10 West Street Student Residence Hall Project .....................................................1-5 Public Process and Coordination............................................................................................1-6 Institutional Master Plan Team .............................................................................................1-10 2. MISSION AND OBJECTIVES Introduction.............................................................................................................................2-1 -
District of Massachusetts CJA Panel List
District of Massachusetts CJA Panel List Panel(s) Name Address Phone Email Boston Amabile, John A Amabile & Burkly, PC 508-559-6966 [email protected] 380 Pleasant Street Brockton, MA 02301 Worcester Angiulo, Leonardo A. Angiulo Law, PLLC 508-868-0899 [email protected] PO Box 2903 Worcester, MA 01613 Boston Apfel, David J Goodwin Procter LLP 617-570-1970 [email protected] 1000 Northern Avenue Boston, MA 02210 Boston Bailey, R Bradford Brad Bailey Law P.C. 857-991-1945 [email protected] 44 School Street Suite 1000B Boston, MA 02108 Boston Barron, Kevin 50 Congress St 617-407-6837 [email protected] Habeas Sutie 600 Boston, MA 02109 Boston Benzaken, Jason Benzaken, Alexander & Wood, PC 508-897-0001 [email protected] 1342 Belmont Street Suite 102 Brockton, MA 02301 Boston Bernstein, Inga Zalkind Duncan & Bernstein LLP 617-820-5168 [email protected] 65A Atlantic Avenue Boston, MA 02110 Boston Bourbeau, Michael C Bourbeau & Bonilla, LLP 617-350-6565 [email protected] 80 Washington St Building K Norwell, MA 02061 District of Massachusetts CJA Panel List Panel(s) Name Address Phone Email Boston Braceras, Roberto M Goodwin Procter LLP 617-570-1895 [email protected] 1000 Northern Avenue Boston, MA 02210 Boston Budreau, James H Bassil & Budreau 617-276-7385 [email protected] 20 Park Place Suite 1005 Boston, MA 02116 Boston Caramanica, James M. 120 North Main Street 508-222-0096 [email protected] Suite 306 Attelboro, MA 02703 Boston Carney, Jr., J. W. J. W. Carney & Associates -
MIAA Basketball Committee Meeting April 24, 2019 – 10:00Am
MIAA Basketball Committee Meeting April 24, 2019 – 10:00am 1. Call to Order at 10:07 am 2. Attendance: Jeff Newhall, Jim Reynolds, Mark Donahue, Pat White, Dwayne Early, Bob Martin, Bill Boutilier, Ron Drouin, Tim Finn, Larry Kelleher, Joe Rocha, Rita Castagna, Steve Hemman, Roger Bacon, David Racette, Bob Rodgers, Sean Burke, Lou Conte, Peter Falkowski, Tony Price, Oderra Jones, Mike Rubin, Peter Smith 3. Minutes of February 4, 2019 Meeting - Approved 15-0 4. A 2019 MIAA Basketball Tournament Summary was provided for committee review including the number of teams qualified and games played by section. A total of 211 boys teams and 204 girls teams qualified for the 2019 tournament. 207 boys games and 200 girls games were played across all sectional and state rounds of the tournament. The summary also included the list of tournament host sites at the sectional/state levels and a list of tournament champions in each division and section. One student game disqualification was reported during the tournament. Team sportsmanship awards were presented to Fellowship Christian Academy (girls), Lenox Memorial Middle and High School (boys) and Mansfield High School (boys) during the tournament. Steve Gaspar, retired coached from Dartmouth High School received the 2019 MIAA Sherman A. Kinney Award for outstanding contributions to high school basketball. The award was presented at the state finals at Holy Cross. 5. Appreciation was expressed to the many individuals and locations that contributed to the various aspects of the 2019 tournament: Seeding Subcommittee Members – Jeff Newhall, Oderra Jones, Steve Dubzinski, Dwayne Early, Mark Donahue, Jim Reynolds and Sean Burke. -
B Oston Inner Harbor
93 30 Cambridge St Charlestown Msgr. O’Brien Chelsea St Hy Bridge Hampshire St Co Route 3 mm erc ial To Logan St t International 35 S t B s S Airport e 39 l r Broadway e o r v a t o h S n s Commercial Av C a d t Main St r H o on o f d M 31 i ar n Ch n a Longfellow a w ss t Ne a Cambridge St S ch Bridge u n I C se i C o n t h o d 22 t St a u St n s r State A r 16 w t St 7 A l t 29 e e o 33 S 34 l v a r r s B t n e n t v S o 38 i c H i t Harvard Bridge R m S e a s r n 4 2 e Boston T to r rl g 20 b Memorial Drive a Common in 44 o h Berkeley St sh 3 24 r C a 9 36 14 19 N W l o Public 8 10 41 e rth Beacon St er Garden 26 Beach S 37 n n Clarendon St t n A a v Dartmouth17 St 23Arlington St 42 C 25 43 S 15 21 h o 1 6 tuart S n 5 t r C gr 18 e e Commonwealth Av t t Su ss Commonwealth Av s n m S 46 e i m t 45 h e 40 c o r Boylston St r P 28 o Beacon St 90 t 27 D r 11 o Sobin 12 F Park 32 0 1/4 1/2 mi E Berkeley St 93 Boylston St 13 D St Huntington Av Brookline Av Reserved Channel Columbus Av Tremont St Representative Boston Office Landlord Projects 1 10 St. -
2021 Resolution Plan
2021 Resolution Plan Public Section July 1, 2021 2 STATE STREET 2021 RESOLUTION PLAN – PUBLIC SECTION Contents 4 1. Introduction and Our Business 12 2. Our Integrated Approach to Resolution Planning 12 2.1 Our Resolution Planning Priorities 14 2.2 Overview of Resolution Planning 22 2.3 Post-Resolution Size and Operational Capabilities 22 2.4 Our Continued Focus on Resolvability 39 2.5 Our Resolution Governance Structure and Risk Management Processes 44 2.6 Actions to Address the Shortcoming on Governance Mechanisms 44 2.7 Targeted Information Request 46 3. Additional Information 46 3.1 Description of Core Lines of Business 50 3.2 Material Entities 67 3.3 Financial Information 74 3.4 Memberships in Material Payment, Clearing and Settlement Systems 76 3.5 Description of Derivative and Hedging Activities 77 3.6 Material Supervisory Authorities 79 3.7 Principal Officers 80 3.8 Description of Material Management Information Systems 80 3.9 Conclusion 81 3.10 Glossary 3 STATE STREET 2021 RESOLUTION PLAN – PUBLIC SECTION 1. INTRODUCTION AND OUR BUSINESS State Street views prudent management and the operation of our business as a core institutional responsibility. We understand the importance of (FDIC) (collectively, the “Agencies”). actively managing risk and being A thoughtfully designed resolution plan prepared to weather unexpected can serve to minimize disruption to US events that could place tremendous and global financial markets, protect stress on our financial well-being. client assets and deposits, and avoid One aspect of our commitment to the need for extraordinary government prudent management is our resolution or taxpayer support. -
Deutsche Variable Series I and Deutsche Investments VIT Funds
Statement of Additional Information May 1, 2015 DEUTSCHE VARIABLE SERIES I (formerly DWS VARIABLE SERIES I) DEUTSCHE INVESTMENTS VIT FUNDS (formerly DWS INVESTMENTS VIT FUNDS) CLASS A, CLASS B AND CLASS B2 SHARES 345 Park Avenue, NewYork, NewYork 10154 This combined Statement of Additional Information This SAI is divided into two Parts — Part I and Part (“SAI”) is not a prospectus and should be read in II. Part I contains information that is specific to each conjunction with the applicable prospectus for each fund, while Part II contains information that generally series of both DeutscheVariable Series I and Deutsche applies to each of the funds in the Deutsche funds. Investments VIT Funds, dated May 1, 2015, as DeutscheVariable Series I offers a choice of 5 funds supplemented, copies of which may be obtained and Deutsche InvestmentsVIT Funds offers 2 funds without charge by calling (800) 728-3337; or by visiting to holders of certain variable life insurance and variable deutschefunds.com (the Web site does not form a annuity contracts offered by participating insurance part of this SAI).This SAI is incorporated by reference companies (“Participating Insurance Companies”). into each prospectus. Reports to Shareholders may also be obtained without charge by calling (800) 728-3337. Except as noted below, each fund offers Class A and Class B shares. The funds are: Deutsche Variable Series I: Deutsche CROCI ® International VIP Deutsche Bond VIP (Class A only) (formerly Deutsche InternationalVIP and DWS InternationalVIP) (formerly DWS Bond