January 2012

Congratulations, you have been hired! According to a recent article on Forbes.com, Boston tied for 13th of cities to be hiring this year. Overall, there is an 11% net hiring expectancy in the U.S.

What does this mean to you as a new hire and possible relocater to Boston? Consider that rental prices in Boston are already high and availability extremely low. This is before this job growth news!

5 Tips from Cabot and Company Real Estate

1. Find a reputable real estate agency. Our agents at Cabot and Company in Boston’s Back Bay are experienced professionals. Visit www.cabotandcompany.com or call 617-262-6200.

2. Begin your search as early as possible. As soon as you get the employment green light, preferably 60-90 days in advance, reach out and start your search.

3. Identify the key neighborhoods you will live in. Keep transportation and proximity to work in mind.

4. Make some transportation decisions. Boston has a great public transit system. The city has recently added many bicycle lanes. Boston is a walking city and there are many very accessible short term car rental options.

5. Organize paperwork and funds in advance of finding an apartment so you can act quickly when you see a good option. Once again, the seasoned agents at Cabot and Company real estate can assist you in your search.

Congratulations!

Rent Rates for Boston Retail Space

Rental rates in the Boston retail market are slightly lower than last quarter (down 0.2%) and essentially flat from one year ago (down 0.07%).  In the Back Bay, quoted retail rent rates for the third quarter averaged $60.87 per square foot; in the South End, $31.22 per square foot; and the Financial District, $35.00 per square foot.

Largest Lease Signings in Greater Boston

The largest lease signings of 2011 include a 60,000 square foot lease by Stop & Shop at Atlantic Plaza (Reading, MA), a 45,000 square foot lease by Whole Food Market in Lynnfield, MA, and most recently, a 43,998 square foot lease by Restoration Hardware in Boston’s Back Bay.  Restoration Hardware will be moving into the former Louis Boston building.

Improvement in the Market

While rent rates are down, the Boston retail market showed improvement in the third quarter.  The vacancy rate is down to 4.6% for the Boston market.  In the Back Bay, which includes premier shopping destination Newbury Street, vacancy is down to 3.6%.

With the improvement of the market, now is a wise time to invest in retail properties.  Single-tenant, triple-net leases, for instance, are becoming increasingly popular as investment opportunities; particularly with the recent ups-and-downs of the stock market.

Call Eric Shabshelowitz at 617-896-5010 or email him at eric@cabotandcompany.com to learn more about retail leasing and sales opportunities throughout the Greater Boston area.

Come see it for yourself during our next Open House on Sunday, October 30th from 12pm-1pm.

106 Marlboro Street is a charming historic building originally built in 1890, and completely renovated in 1984, located in the prestigious Back Bay neighborhood of Boston.  106 Marlboro Street Unit #6 is a meticulously maintained two-bedroom, 1-bathroom condo currently for sale in this unique building.

The living room features hardwood floors, high ceilings, and large windows with wide windowsills and views of the neighborhood. The primary features of the room, however, are the large black marble fireplace surrounded by gorgeous built-in shelving and cabinetry.  The detailed crown moldings, wainscoting, and case moldings in this Back Bay condo add warmth and character to the room as well.  The setting is perfect for hosting social gatherings, or enjoying a quiet night of sitting by the fireplace.

The kitchen has been completely updated with new cabinets, stainless steel stove, modern appliances, recessed lighting and more.

Please contact Shelagh Brennan at 617-896-5002 to schedule a viewing or learn more about this exquisite 2-Bedroom Back Bay Condo for Sale!

Click here to view the full property listing and more photos.

Back Bay One located in key Boston area with tons of amenities

One Back Bay Luxury Building is the most ideal residence when it comes to Boston city living. Located at 135 Clarendon Street, it’s only two blocks away from the world-famous Newbury Street, a few MBTA stops to the Boston Common or in the other direction, Feneway Park, and it’s in walking distance from the beautiful Copley Square.

The One Back Bay Luxury Building features tons of amenities. It has a Terrace with BBQ grill, a state-of-the-art fitness center, on-site gourmet market, children’s interactive play and party room, 24-hour concierge and doorman service, and much, much, more.

Designer, A.M. Stern, masterfully crafted the building down to the last detail. With an eye for perfection, his level of excellence is breathtaking. The interiors feature select hardwood oak floors, Botticino Marble in the bathrooms, and top-of-the-line kitchen appliances.

To find out more about One Back Bay Luxury Building, contact us today! Our expert real estate agents are happy to help you with any questions or information.

The mansion's extravagant courtyard

Cabot & Company will host a brokers’ open house on Thursday September 15^th from 4:00 pm to 6:00 pm. at 410 Beacon Street.   This event is co-sponsored by First Republic Bank and they have an amazing menu being prepared by their fine caterer.  Enjoy the way “life should be” for two hours in a classic waterside Beacon Street townhouse with a quartet from the New England Conservatory playing cool jazz in the private inner courtyard.  Explore the entire mansion while savoring, among other farm-fresh items, pumpkin ravioli and dessert shooters!  Sip some wine and share this extraordinary broker’s open house in the company of your colleagues in a magnificent setting.  You may even help us sell it!

For more information please contact one of our very knowledgeable real estate agents, today!

Located in hub of Boston’s fine arts and culture, Church Park is perfectly situated between Symphony Hall and the extraordinary Newbury Street – making shopping, dining, entertainment and the fine arts very convenient and accessible.  In fact, some of the hottest restaurants, parks, theatres and nightlife spots are located in Charch Park’s neighborhood.

If the amazing location isn’t enough, Church Park apartments exude first-class luxury with gourmet kitchens featuring granite counter tops, ceramic tile floors, Birchwood cabinets, built-in pantries and top of the line appliances; a perfect setting for any food connoisseur and great for entertaining dinner parties. The apartments also feature brilliant views of Boston with private balconies, as well as living areas that have gorgeous hardwood flooring.

If you are looking for an apartment in Boston and interesting in luxury, style and elegance, you are not going to want to miss out on Church Park.

For more information about Church Park or would like to speak to one of our knowledgeable Cabot & Company agents about a viewing, please contact us today!

The economy is tough these days. Maybe it’s time to start thinking about owning, instead of renting.

Despite the current state of the economy, Boston is experiencing record high rents.  The Boston Globe recently reported that apartment vacancy in the Back Bay and Beacon Hill is down to 1.2 percent.  According to that same report, the median price for rent in Boston hit $1,665 a month, and a two-bedroom apartment in the Back Bay is averaging $2,658 a month.  From our perspective, those numbers even seem to be understated (we have not seen many two-bedroom apartments in that price range this year).

We are frequently asked why rents are so high and availability is so low.  Based on our observations and the reports we’ve seen, there are a few main reasons.  First, many would-be first-time homebuyers are not buying.  They are continuing to rent due to concerns that home prices are still on the decline, there is uncertainty in the economy, etc.  Second, though while not as prevalent in Boston as other areas, foreclosures have thrust former homeowners into renting.  Finally, the population seems to be growing.

What does this all mean?  Well, it’s a good time to be a landlord, for one.  And if you’re not one now, it’s a great time to explore investment opportunities in residential property in Boston.  It also means that it’s time to start thinking about owning, instead of renting.

If you are interested in discussing Boston real estate investment opportunities, call Eric Shabshelowitz at 617-896-5010 or email him at eric@cabotandcompany.com.

If you are currently renting but want to explore the possibility of buying, call Josh Medeiros at 617-896-5005 or email him at josh@cabotandcompany.com.

There couldn’t be a better time to take advantage of the low interest rates, reduced Boston condominium prices and high Boston Apartment demand!

 

ROI on is BETTER in Real Estate!

While current bank CD’s are only offering 1-2%, a return of 4-5%  on a rented income property is very real! Keeping in mind the additional positives of potential property appreciation or tax benefits, this a a terrific opportunity to boost your income or portfolio!

Cabot and Company recommends the assistance of an experienced agent to help guide your purchase toward maximizing a profit. We can provide all the information and numbers to define your search using our database, LINK,  MLS, and various other tools we have access to.  There are currently excellent values in the Back Bay, South End, and Fenway areas. Our agents at Cabot can provide accurate rental prices and comparable sales reports.

We also have an in-house Property Management Department for your after-purchase needs.

Please call Cabot and Company today at 617-262-6200 for more information and assistance!

This building is in superior condition with many fine, original architectural details throughout the property.  There is also a common laundry and patio for the building residents. Each apartment has hardwood floors.

This property is located on a prime Back Bay corner in close proximity to shopping and dining on Newbury Street, The Copley and Prudential malls, The Mandarin Oriental, and lovely walking areas including the Charles River Esplanade, Boston’s gorgeous Public Gardens and lovely Commonwealth Avenue.

Take a look at some of the details of this extraordinary property below, and contact Cabot Real Estate today to schedule a showing!

Cabot & Company
213 Newbury Street
Boston,Massachusetts 02116
617-262-6200
www.cabotandcompany.com

Some features of this Back Bay unit include over 1,000 square feet, the bedroom can fit a King size mattress, large closets, overlooks the unit pool, gym, air conditioning, washer and dryer, concierge, and rental parking is available.

This unit is available June 1st, 2011 and is located in Boston’s Back Bay for $2,850.

View more pictures and detailed information on this Back Bay Apartment, or contact Cabot & Company today to schedule a showing!