Performance, of course, was a prime criterion for the more than 800 investors surveyed for the report, and Boston was noted for its "strong occupancy and average daily rate performance expectations in the short and medium term," says EVP Arthur Buser. Along with the other cities listed above, Boston demonstrated better-than "average yield growth, and is in an upturn position in the market cycle."
More than 40% of respondents indicated a "buy" intention for the city, which, according to the survey, offers a 10.5% median cap rate for new acquisitions.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
