Downtown Boston has experienced a significant surge in office property investment sales since the beginning of 2023, totaling $284.5 million across seven transactions, according to Avison Young. This marks an impressive increase of over 160% compared to the previous year and there are expectations for even more sales before the end of this year.
The rise in sales volume by $100 million, coupled with a higher frequency of transactions, indicates a growing interest among investors in opportunistic deals within this area. As buyer-seller expectations continue to align gradually, this trend becomes more evident. Furthermore, these transactions are setting new standards for future deals and providing crucial pricing data that will likely influence upcoming investments.
This uptick in urban Boston’s office investment market is indicative of its potential growth and attractiveness as an investment destination for savvy investors looking for lucrative opportunities outside major cities like Los Angeles or Texas.
