The real estate industry is constantly evolving. Paradigm Properties has its eyes and ears on the latest trends and news to remain at the forefront of the industry. Here are some of the stories that caught our eye.
Choose Your Own Commute: Baby Boomers and Millennials don’t have a lot in common. But one thing they both value? An easy commute. Companies are recognizing this and many are establishing downtown Boston satellite offices to attract young, car-free urban workers while older employees continue working in suburban headquarters closer to their homes. (Are you a company looking into this solution? We suggest taking a look at our 101 Tremont.)
Up In The Air: As demand for housing, retail, and commercial space increases in downtown Boston, developers are increasingly willing to invest in costly air rights projects. The latest parcel driving interest from developers? A parcel at the corner of Massachusetts Avenue and Boylston Street in Boston’s white-hot Back Bay neighborhood. The Massachusetts Department of Transportation is considering two mixed-use developments and a third proposal for a 21-story, 350 apartment building.
Knock on Wood: “Gleaming steel skyscraper” is a real estate trope, and for good reason: Most tall buildings built in the last century are constructed from steel or concrete. A proposed seven-story office space project in Minneapolis may change that, as the developer plans to use primarily wood in the construction. It’s an interesting proposal that may make office space greener—right down to the construction materials themselves.
Did any headlines catch your eye this week? Are you ready to move into a wooden office space? Let us know in the comments!