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New York, Boston, most expensive urban areas are experiencing some version of this. Landlords with commercial space either want a bank or some other national ch
by Finnucane 7y ago
New York, Boston, most expensive urban areas are experiencing some version of this. Landlords with commercial space either want a bank or some other national chain that afford an expensive long-term lease, or they're willing to let the space sit empty because it's just a safe-deposit box for some investor's cash--the appreciation of property value is worth more than the rent.
- dsfyu404ed 7y agoBoston is kind of a funny case because Boston itself is decently good about letting development happen so long as said development isn't politically incorrect (relative to local politics/beliefs) or can't be construed by the pearl clutchers as being unsafe, bad for the children or bad for some protected class. Yes I know you can drive a container ship through those exceptions but it's pretty darn pro-building as far as Eastern MA goes. By contrast everywhere around Boston is zoned and run like SF. This has the side effect of creating rising real estate prices, rent, etc. in Boston proper even though Boston is mostly sort of doing things right (with regard to zoning) because land is limited and Boston may as well be an island because it's the only place development can happen.
- Finnucane 7y agoReally? I live near Kendall Square in Cambridge and there's been a massive mount of development there. It's been a nonstop construction zone for a decade, with no end in sight.
- eli_gottlieb 7y agoKendall is one of the only places outside Boston proper. Large parts of Cambridge and Somerville are basically zoned as leafy commuter suburbs with New England small-town charm.