January 17th, 2012 by jpalermino
BOSTON MAGAZINE JANUARY 2012
Living Large
Rachel Slade’s off-kilter take on Hub dwellings.
By Rachel Slade
Pahk the Cah – For $350K
Life just keeps getting tougher for Back Bay die-hards, as ex-suburbanites pour into the city with their pedigreed dogs and black BMW’s. So when circling the block for three hours after a hard day’s work loses its charm, it’s time to invest in some asphalt. But with only a handful of parking spots listed on the MLS, the Back Bay’s alleys are precious property, indeed. Case in point: Though a two-vehicle tandem space between Commonwealth Avenue and Newbury Street is exposed to all the elements – snow (BYO shovel), inebriated students – it costs about $1,000 a square foot, making it some of the priciest pavement in the world. Get a Zipcar account, you say?
That’s part of the problem–the car-sharing powerhouse has already gobbled up 107 spots around the neighborhood. Where’s teleportation when you need it?
Address: 132 Commonwealth Avenue, #5/6 Listing Price: $350,000, Listing Agent: Shelagh Brennan, Cabot and Company, 617-896-5002, cabotandcompany.com, Stats: One big, expensive slab of pavement in the Back Bay.
Tags: back bay parking, back bay parking real estate, back bay parking spots, boston parking, boston parking real estate, parking spots for sale
Posted in Back Bay, Boston Buyer Broker, Boston Investments Property, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Boston Real Estate Agent, Boston Real Estate Trends, Boston Realty, Cabot and Company News |
January 11th, 2012 by cabotandcompany
January 2012
Happy New Year!
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!
Tags: 2012 Boston Real Estate, 2012 Boston Relocating, 2012 real estate
Posted in Back Bay, Back Bay Apartments, Back Bay Condos, Beacon Hill, Beacon Hill Apartments, Beacon Hill Condos, Boston Apartments, Boston Buyer Agent, Boston Buyer Broker, Boston Condos, Boston Homes, Boston Luxury Condos, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Boston Real Estate Agent, Boston Real Estate Trends, Boston Realty |
January 4th, 2012 by cabotandcompany
Don’t miss out on the chance of a lifetime! This Sunday we are having an open house for an amazing condo at 337 Commonwealth Ave that is a spacious two bed, two bath penthouse. With a $100K price reduction and listing at $929,000, this sunnyside Comm Ave home is a must see! The elegant home boasts breath-taking views of the Back Bay skyline, features high ceilings, skylights and original detail.
The event will be held at 337 Commonwealth Ave, Boston, MA in the Back Bay for the newly $100K price reduxed home, Unit 40, and kicks off this Sunday, Jan. 8, from 12-1pm.
For more information about this property or interested in learning more about available Back Bay homes, please contact the Cabot & Company offices, today!
Tags: back bay home, back bay townhouse, comm ave condo, comm ave home, commonwealth ave condo, commonwealth ave home, townhouse price redux
Posted in Back Bay, Back Bay Condos, Boston Condos, Boston Events, Boston Homes, Boston Luxury Condos, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Boston Real Estate Agent, Boston Realty, Cabot and Company News, Featured Listing, Open House |
December 16th, 2011 by cabotandcompany
By Eric Shabshelowitz
For the first time since the economic downturn began in 2008, the monthly national average for commercial real estate prices showed year-over-year improvement. According to the report, in October 2011, prices increased 2.2% from the same period a year ago. The average transaction size (+29.4%) and overall transaction volume (+23%) are both showing positive improvement.
Another positive sign for the commercial real estate market is that the ratio of distressed sales continues to decline. In March 2011, 35.4% of all repeat sales were distressed sales. In October, that number shrank to 25.2% nationally.
As we head into the new year, this positive trend should continue. Interest rates are at record lows, which is presenting great opportunities for businesses to buy their retail and office spaces rather than continue to rent. Commercial real estate is also a popular investment vehicle amidst the recent uncertainty in the stock market.
Call Eric Shabshelowitz at 617-896-5010 or email him at eric@cabotandcompany.com to learn more about commercial real estate opportunities in and around Boston.
Tags: Back Bay, Back Bay Apartments, Back Bay Condos, Boston Apartments, Boston Commercial Real Estate, Boston Investments Property, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Boston Real Estate Trends, Boston Realty, Cabot and Company News, South End, South End Apartments, South End Condos, South End Neighborhood
Posted in Back Bay, Beacon Hill, Boston Buyer Broker, Boston Commercial Real Estate, Boston Investments Property, Boston Neighborhoods, Boston Property, Boston Real Estate, Boston Realty, Cabot and Company News, Featured Listing, Fenway, Financial District, North End, South End |
December 12th, 2011 by cabotandcompany
By Eric Shabshelowitz
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.
Tags: Back Bay Real Estate, Boston Real Estate, Boston rental Rates, financial district real estate, Retail Renting rates in Boston, South End Real estate
Posted in Back Bay, Back Bay Apartments, Back Bay Condos, Boston Apartments, Boston Commercial Real Estate, Boston Investments Property, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Boston Real Estate Trends, Boston Realty, Cabot and Company News, South End, South End Apartments, South End Condos, South End Neighborhood |
November 29th, 2011 by cabotandcompany
Why gamble with the stock market? Boston real estate can offer as much as a 4.5% return on your money!
Great investment opportunities are available in the form of very rentable Beacon Hill and Back Bay condos. With 20-25 percent down, you can be in a cash flow positive situation in no time. See the two great units below on Dartmouth Street in Back Bay – and contact Josh, our investment expert, to learn more!
330 Darmtouth, #1A, Boston, MA
330 Dartmouth, #1A, Boston, MA
Listed at $439,000, this Back Bay one bedroom is as nice as Boston Condos get! Located within close proximity to Copley Square and the Prudential Center.
View the full listing and more photos, or schedule a showing
330 Darmtouth, #1B, Boston, MA
330 Dartmouth, #1B, Boston, MA
Listed at $435,000, this one bedroom condo is a charmer! Located on in the Back Bay and downtown neighborhoods, this desirably located Boston condo can be your new home!
View the full listing and more photos, or schedule a showing here.
Posted in Boston Condos, Boston Investments Property, Boston Luxury Condos, Boston Property, South End Condos |
November 17th, 2011 by cabotandcompany
Downtown Boston's thriving commercial space
Boston Commercial Real Estate Rent Changes
Across the city, rents were down 2.1% in the third quarter of 2011. The average rent rate for office space in the Boston area is down to $20.39 per square foot. Class A rates saw the greatest decrease – coming down to $26.36 per square foot from $27.94 per square foot in the prior quarter. In Boston’s central business district (which includes premier areas such as the Back Bay and the Financial District), rent rates are down nearly 8% from Q2 to $34.36 per square foot.
Vacancy and Availability
It appears that prospective tenants are taking advantage of these lower rents, as the amount of available space is down as well. Availability in the Boston area dropped by 4% in the third quarter of 2011, which leaves Boston with an 11% vacancy rate overall. In Boston’s central business district, vacancy is slightly higher (around 11.2%) but is still down from Q2.
Conclusion
Rent rates are still down, but available spaces are getting filled up rapidly. Now is an excellent time to look for a new space for your business! Call Eric Shabshelowitz at 617-896-5010 or email him at eric@cabotandcompany.com to learn more about Boston investment property or commercial opportunities available throughout the Greater Boston area.
Posted in Boston Commercial Real Estate, Boston Investments Property, Boston Property, Boston Real Estate, Cabot and Company News |
November 4th, 2011 by cabotandcompany
Tour this Back Bay Penthouse on Commonwealth Avenue this Sunday, November 6th from 12pm-1pm!
Open Concept Living & Entertaining
337 Commonwealth Avenue is an elegant and spacious two bedroom, two bathroom penthouse in Back Bay.
This home features open concept living and entertaining area, and a dazzling private roofdeck!
The home had high ceilings, skylights, and beautifully maintained original detail, central air conditioning, and in-unit laundry.
There is a custom-built work station and study area, and an oversize master bedroom en suite. The kitchen has a soapstone island, wine fridge, and stainless steel appliances. Parking is available, too!
This Boston luxury penthouse has it all! If you are interested in viewing this back Bay penthouse for sale, please Contact Rene Rodriguez at 617-896-5006 today!
REMINDER: If you’re coming to the Open House on Sunday, don’t forget to set your clock back an hour for Daylight Savings Time this Sunday!
Master Bedroom en Suite
Views and Deck
Kitchen with Island
Second Bedroom
Tags: 337 Commonwealth Avenue, back bay condo for sale, Back Bay luxury condo for sale, Back Bay open house, Back Bay penthouse for sale, Back Bay townhouse for sale, Commonwealth Ave. condo for sale, open house
Posted in Back Bay, Back Bay Condos, Boston Condos, Boston Events, Boston Homes, Boston Luxury Condos, Boston Luxury Real Estate, Boston Property, Boston Real Estate, Cabot and Company News, Featured Listing, Open House |
October 28th, 2011 by cabotandcompany
Gorgeous Back Bay Townhouse-Style Condo for Sale
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.
Tags: 106 Marlboro Street, Back Bay, Back Bay Condo, Back Bay Condos, Boston Condos, Boston Homes, Boston Luxury Real Estate, Boston Neighborhoods, Boston Real Estate, Featured Boston Luxury Listing, Featured Listing, featured luxury condo, luxury two bedroom, two bedroom
Posted in Back Bay, Back Bay Apartments, Back Bay Condos, Boston Condos, Boston Homes, Boston Luxury Condos, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Featured Listing |
October 10th, 2011 by cabotandcompany
Back Bay Skyline Views
If you’ve dreamed of living in a Back Bay penthouse with great views of the Back Bay skyline, this luxury home recently listed for sale on Commonwealth Avenue may be just what you were looking for!
337 Commonwealth Avenue is an airy and spacious two bedroom, two bathroom penthouse in Back Bay; located on one of the most desirable areas of Boston with postcard views of the Back Bay skyline.
This elegant home features high ceilings, skylights, and beautifully maintained original detail. Open concept living and entertaining area. The kitchen has a soapstone island, wine fridge, and stainless steel appliances.
There is an oversize master bedroom en suite. Many improvements including full stair access to dazzling private roofdeck, central air conditioning, and custom built work-station and study area. There is also laundry in-unit and parking, too!
This Boston luxury penthouse has it all! If you are interested in viewing this back Bay home for sale, please Contact Rene Rodriguez at 617-896-5006 today!
Kitchen with Island
Open Concept Living & Entertaining
Master Bedroom en Suite
Tags: Back Bay Condo, back bay condo for sale, back bay penthouse, commonwealth ave condo, commonwealth ave penthouse boston
Posted in Back Bay, Back Bay Condos, Boston Condos, Boston Homes, Boston Luxury Condos, Boston Luxury Real Estate, Boston Neighborhoods, Boston Property, Boston Real Estate, Featured Listing |
Pahk the Cah – For $350K
