Seaport: Submarket Of Choice For Businesses, Residents
What does it take to invent a new neighborhood? Raw material (an old neighborhood) and vision. Those ingredients have come together at the Seaport, and it's why we're excited to present our State of the Seaport event on March 9 at the Boston Marriott Long Wharf.
The Drew Co president John Drew, who will be one of our speakers, tells us he's seeing a trend of out-of-towners coming into Boston for work, both from out of state and around the world. "Coupled with people from our region wanting to live and work in the Seaport neighborhood, I'm optimistic for development and leasing over the next few years," he says. Drew's snapped with colleague Rie Sugihara.
Boston Global Investors CEO John Hynes, another speaker, notes the growth of the Seaport comes in the context of Boston's overall growth. "The Seaport is coming into its own and is quickly becoming a submarket of choice. Today's rental rates—the highest in the city—verify that." Why? Transportation (access to I-90 and I-93), new construction, proximity to the Financial District and Logan Airport, green space and wide sidewalks coming in, and a good vibe.
Stantec VP Fred Kramer, also a speaker, tells us he's very optimistic about Boston as a whole. "That's because Boston has a strong regional economy, and remains a top-tier city for domestic and overseas capital," he explains. The region's balanced eds and meds, and service sector, help keep it strong. "If we can successfully tackle workforce housing at scale, we'll have a better chance of keeping some of our graduates in town," Fred says.
Hear more about the Seaport and Boston at the State of the Seaport beginning at 7:30am at the Boston Marriott Long Wharf. Sign up here.