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.

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.

It is centrally located in Boston. The building offers studios, one bedroom apartments and two bedroom apartments. The immaculate interiors features tall 9 foot-high ceilings, wall-to-wall carpeting, large closet space, great views and modern design architecture. The building itself hosts a lot of awesome amenities which include tennis courts, a fitness center, full health facility, indoor and outdoor pools, and easy access to the Charles River Esplanade.

There really is no better place to live in the metro area of Boston than The West End Apartments. There you will find plenty of parks, trails, and all the hottest spots in town in walking distance.

If you would like to know more about The West End Apartments and/or interesting in scheduling a viewing, please contact one of our expert 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.

Archstone Avenir is lovely luxury apartment building located near Boston's North End at 101 Canal Street.

Situated in an impressive location with restaurants, shops, rail transportation and many other great amenities, The Archstone Avenir is a beautiful Boston Luxury Building to behold.  And did we mention it’s just a stone’s throw from The Garden or the countless Italian eateries in the North End?

The Archstone Avenir units are gorgeous living spaces ranging from luxury studios, one and two bedroom luxury apartments, and brilliant luxury lofts and flats.  This amazing Boston apartment building, positioned in the historic Bulfinch Triangle, has breathtaking views of the Boston landscape.  It’s built from high craftsmanship with designer architecture, giving it a unique mix of more than 70 floor plans to choose from.

The Archstone Avenir offers a little of something for everyone.  Beautiful Brazilian cherry wood floors, high-end berber style carpeting,  granite countertops, high end stainless steel appliances, designer lighting, washer and dryer, it’s got nothing but the best.

If you are interested in Archstone Avenir or it sounds like your kind of place to live, feel free to contact us at Cabot and Company.  We would be glad to answer any questions you may have or help you find the right luxury home for you!

Beautiful kitchen interior of the Archstone Avenir luxury building with stainless steel appliances, granite counters, hardwood floors.

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!

We are excited to announce a new and improved  website and an excellent Boston rentals feature that allows us to send all of our Back Bay Apartments, South End and Fenway, etc. apartment searchers the very latest updated listings on a daily basis!

For many years, Boston condos and Boston commercial real estate shoppers have had the convenience of perusing available listings on our website via listing information services like LINK and MLS.  Now apartment shoppers can receive daily updates as new listings come rolling in this busy season.

Pictured below are two beautiful featured listings. The top image is a living room shot pulled from one of our Boston Fenway apartment listings. Below that one of our spacious Back Bay apartments that has gorgeous light.

Simply contact a Cabot and Company rental agent today at 617-262-6200 to sign up to receive daily listing updates, to schedule a showing for one of these featured apartments!