The North Shore is on Fire, but For How Long? Since 2012, the average growth for two-plus multi-family buildings on a price per square foot basis in Salem was 10%, Saugus 11%, Revere 13% and Lynn 15%. Compared to Boston’s average multi-family growth rate of 6% between all sub-markets, the North Shore has distinguished itself […]
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5 Boston Submarkets Fetch Over $1,000 PSF For the first time in history, five Boston sub-markets are fetching over $1,000 per-square foot. Ongoing inventory battles, created by the outpour of new luxurious condominium developments, in addition to rapid absorption rates, are creating a hyper-competitive housing market. The release of 22 Liberty, a 109-unit development […]
Read MoreBooming Chelsea Catches Developers’ Eyes The time has arrived. For years, Chelsea was Boston’s forgotten neighbor, a nearly once bankrupt city, in part of the large demographic upheaval and haunted by a lack of economic development. Today, the arrival of the FBI Headquarters and Encore Casino has pivoted Chelsea into a development hotbed home to […]
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