Boston Commercial Market Continues To Climb

Boston — it isn’t just a destination for tourists to get their clam chowda, or for students to get their degree at a prestigious university. The reality is it’s also one of the most sought after markets for businesses and, as a result, the commercial Real estate business is booming.

Why Boston’s Commercial Economy is Growing

The four main business sectors within city limits are Downtown, Back Bay, Cambridge and the newest addition: the Seaport District. But why is Boston’s commercial Real estate market so hot? The most obvious explanation is because of the many educational institutions that neighbor these growing businesses. Boston is home to hundreds of start-up companies, and in order to grow those companies the owners need a large pool of qualified, tech-savvy individuals — so they look no further than their front door.

The other reason for the growing commercial Real estate bubble is due to large corporations opening either large branches or establishing headquarters within the city or along the outskirts. Companies such as GE, Bose, New Balance and Alexion Pharmaceuticals have all relocated and now call Boston their home.

2018’s Commercial Real Estate Outlook

So what does this mean for 2018’s market? Our Real estate agents believe that no matter whether you’re on the residential side or the commercial side, the market is going to continue to grow and become increasingly competitive. Unlike other cities across the country that have room to expand in all directions, Boston doesn’t quite have that luxury. Our solution is providing companies and corporations with the perfect existing commercial Real estate properties for their needs. We have hundreds of Boston area and South Shore area industrial complexes, warehouses, and office buildings to choose from!

With Boston continuing to attract companies, now is the time to buy, sell, or lease industrial space, office space, or land. Contact us today to request more information from our Realtors!