Transit Oriented | Transformative Submarket | South Boston
HIGH GROWTH NEIGHBORHOOD
In the past five years, South Boston residential condominiums have increased in value over 61% and the weighted average based upon square feet has increased over 125%. This submarket has experienced unprecedented growth which will continue as development persists and company migration to South Boston increases.
42 West offers un-paralleled access to the Broadway MBTA Station located directly across the street. The Redline connects residents or travelers to the city’s most prominent centers such as South Station, Park Street and Harvard Square. Additionally, 42 West is within minutes to major thoroughfares such as I-93 and the Mass Pike.
More than $20 billion in investments have fueled over 1.5 million square feet of completed development with an additional 2 million square feet under construction or slated for future development. The construction boom has had major impacts on attracting best in class retailors to the submarket which has significantly pushed rents higher year-over-year.
GE’s corporate relocation to the submarket has put South Boston on the international map for all retailors to join GE for the long-term growth happening in the neighborhood. Their relocation solidifies Boston as one of the most important innovation hubs in the country. GE’s decision will have long lasting effects that will continue to grow Boston’s business economy, talent pool, and connections with the world.