Boston Seaport District
One of the largest contributors to the price per square foot of a Downtown Boston condo market is the new infrastructure taken place in the Seaport District. It is always location, location, location. The specific neighborhood infrastructure like local restaurants, local retail, and entertainment are precisely the amenities that make up the energy and characteristics of the neighborhood. Downtown Boston, Waterfront (specifically the Seaport District) is a neighborhood that is undergoing tremendous growth and development.
Downtown Boston Construction
When you stand anywhere in Downtown Boston, all the high-rise condo buildings that you see are less than few years old. The construction of Seaport condos has thus far anchored the build out of this neighborhood. In the Seaport District there are many local business stand outs that have opened and many investors who purchased in this growing neighborhood bought into the vision and potential of what the neighborhood would become. The hardest part of this decision is having to be patient until more things actually open. There are prime retail and restaurant opportunities. With everything finally built, you think the hard part would be done. Now all need are some national and local business to show some initiative and just move in. Unfortunately, landlords also know the potential of the neighborhood and assess rents accordingly. The Seaport District is not fully established, but it currently commands some of the highest commercial prices per square foot of any other neighborhood in Downtown.
The best is yet to come to the Boston Seaport District. Eventually, investors will look back and wish they were among the first to get in while the prices and opportunities were favorable.