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City Boston workplace funding sale quantity sees uptick, setting a brand new baseline on pricing in comparison with 2022

BOSTON–City Boston workplace funding sale quantity is seeing an uptick, setting a brand new baseline on pricing in comparison with 2022, in keeping with Avison Younger.

Listed below are some key findings from the Avison Younger report:

  • For the reason that starting of 2023, workplace properties in Downtown Boston have witnessed a notable surge in funding gross sales, totaling $284.5 million by means of seven transactions. This marks a considerable enhance of over 160% in comparison with 2022, and extra gross sales are anticipated to be accomplished by year-end.
  • Though comparatively modest, the $100 million uptick in gross sales quantity, coupled with an uptick in transaction frequency, suggests a rising urge for food amongst traders for opportunistic offers in Downtown Boston. This development is especially pronounced because the divide between purchaser and vendor expectations progressively narrows.
  • Moreover, these transactions are establishing a brand new benchmark for future offers, providing invaluable pricing information to assist upcoming transactions.

The publish Urban Boston office investment sale volume sees uptick, setting a new baseline on pricing compared to 2022 appeared first on Boston Real Estate Times.