Home > Press Releases > RBJ Publishes New Research Report Highlighting Boston’s Seaport District, Among Firm’s “marketSTATus” Series

RBJ Publishes New Research Report Highlighting Boston’s Seaport District, Among Firm’s “marketSTATus” Series

BOSTON – May 10, 2013 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, has published a new research report highlighting Boston’s Seaport District, one of the most dynamic and exciting commercial real estate markets in the nation.

“marketSTATus – Seaport District” is the market’s only research publication to focus on this critical area.  The report joins the other eight reports in the “marketSTATus” series, which each target a specific submarket:  Boston’s Financial District and Back Bay; Cambridge; Route 128 North, West and South; and I-495 North and West.

The report looks at Class A and Class B office space in Boston’s Seaport District. During the first quarter of 2013, the submarket extended its streak of positive absorption to three quarters, during which 234,000 square feet have been absorbed.  The vacancy for the submarket is at 15.2 percent, though tenants larger than 50,000 square feet find just two available choices market-wide.  Asking lease rates for Class B space have increased 68 percent over the past three years, closing the quarter at $35.75.

“We are pleased to add the Seaport District to our series of marketSTATus reports,” said Brendan Carroll, senior vice president of research for Richards Barry Joyce & Partners.  “The market remains one of the hottest locations not only in Greater Boston but in the country.  We anticipate strengthening positive demand in the coming quarters.”

Brendan Carroll, Sr. Vice President

Brendan Carroll, Sr. Vice President

To request a copy of “marketSTATus – Seaport District Spring 2013”, please send an email to research@rbjrealestate.com.

RBJ&P Research Publications
Richards Barry Joyce & Partners publishes eleven quarterly research reports.  officeSTATus, the firm’s flagship report, highlights Greater Boston’s office market.  indSTATus covers the three industrial property types:  warehouse, flex and manufacturing.  The marketSTATus reports focus on nine critical sub-markets.  The firm’s biotechnology-focused report, bioSTATus, is released twice a year, after the first and third quarters.  In total, RBJ&P produces an industry-leading 46 reports per year, in addition to custom research projects for clients.

About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com. Follow us on Twitter at @RBJ_Partners.

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