Tag Page OfficeMarket

Boston’s office market gets a reality check

A downtown Boston office building just sold for $22.5 million—less than a third of its assessed value! Synergy, a local real estate investor, snapped up 101 Merrimac Street at a huge discount, reflecting how much the office market has shifted since the pandemic. With high vacancies and changing work habits, even prime locations are going for bargain prices. Synergy has made a habit of buying these discounted buildings and giving them a facelift. What do you think—are these deep discounts a sign of trouble, or an opportunity for Boston’s future? #RealEstate #BostonRealEstate #OfficeMarket