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Boston Office Investment Sales Surge
Office property investment sales in Downtown Boston have seen a significant surge since the start of 2023, totaling $284.5 million across seven transactions, according to Avison Young.
This marks a substantial increase of over 160% compared to 2022, with expectations for additional sales before year-end. While not monumental, the $100 million rise in sales volume, along with increased transaction frequency, indicates a rising interest among investors in opportunistic deals in the area.
The report noted that this trend is becoming more pronounced as buyer-seller expectations gradually align. Moreover, these transactions are setting a fresh standard for future deals, providing crucial pricing data that will likely influence upcoming transactions.
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