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Month: February 2022
The south side of Boylston Street isn’t typically thought of as a new neighborhood - it is, after all, part of the Back Bay. However, in recent years over 600 luxury condominium units have been built on the south side of Boylston Street, and there’s a substantial inventory pipeline behind that. We view this area as a new sub-neighborhood of the Back Bay, or “Back Bay 2.0.” …
The lack of supply narrative is changing pretty dramatically (see our report “The Great Boston Building Boom”). This is leaving many new developments struggling to find buyers, which is when investors tend to step in. Add to the mix the prospect of higher interest rates and we could be in for a bumpy ride. …