Urban Boston office investment sale volume sees uptick, setting a new baseline on pricing compared to 2022

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BOSTON–Urban Boston office investment sale volume is seeing an uptick, setting a new baseline on pricing compared to 2022, according to Avison Young.

Here are some key findings from the Avison Young report:

  • Since the beginning of 2023, office properties in Downtown Boston have witnessed a notable surge in investment sales, totaling $284.5 million through seven transactions. This marks a substantial increase of over 160% compared to 2022, and additional sales are anticipated to be completed by year-end.
  • Although relatively modest, the $100 million uptick in sales volume, coupled with an uptick in transaction frequency, suggests a growing appetite among investors for opportunistic deals in Downtown Boston. This trend is particularly pronounced as the divide between buyer and seller expectations gradually narrows.
  • Additionally, these transactions are establishing a new benchmark for future deals, offering valuable pricing data to support upcoming transactions.

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