R.W. Holmes Commercial Real Estate

Our Q3 2024 Greater Boston Market Report is now available! This report offers the most up-to-date insights into key suburban office and industrial markets across Greater Boston, delivering valuable insights to guide your real estate strategies and decisions. In this report, we cover: - Route 128 Central: Office - Route 128 North/Rt. 3 North: Office - Natick/Framingham: Office - I-495 West: Office - Route 128 North/Rt. 3 North: Industrial - Route 128 South: Industrial - I-495 South: Industrial - I-495 North/Rt. 2 West: Industrial - Route 24: Industrial Whether you’re navigating leasing strategies or exploring new investment opportunities, this report delivers the insights you need to make informed and strategic decisions. Get the full report here: https://lnkd.in/etnZgpJq #CRE #BostonRealEstate #MarketTrends #MarketInsight

R.W. Holmes is proud to announce the successful lease of a 6,614-square-foot flex space for Neo Virtus Engineering at 305 Foster Street in Littleton, MA. Bradley Sampson of R.W. Holmes represented Neo Virtus in securing a location that supports their future growth and operational needs. “This location is an excellent fit for Neo Virtus Engineering’s current and future needs,” said Sampson. “We’re pleased to have helped them secure a space that supports their ongoing success.” Learn more about this transaction and how R.W. Holmes can assist your business by visiting www.rwholmes.com

Honored to celebrate our very own Elizabeth Holmes, Director of Corporate Services at R.W. Holmes, featured in New England Real Estate Journal Women in CRE! As the third generation to lead R.W. Holmes, Elizabeth has thus far in 2024 contributed over $20 million in sales, advised landlords on over 700,000 SF of exclusive property assignments, and worked with some of Massachusetts’ fastest growing and major middle market leaders on their corporate real estate transactions.   Her commitment to mentorship and dedication to giving back through community service are integral to the legacy we continue to build. Read more about her journey and accomplishments here: https://lnkd.in/egJyDXFC

LEASE Learn More: https://lnkd.in/g_7ecHdJ IMAGE: Dean Blackey & Elizabeth Holmes DATE: 09/27/2024 ADDRESS: 33 Fourth Avenue MARKET: Needham, MA ASSET TYPE: Mixed-use ~ SF: 10,600 LANDLORD: Fourth Avenue Realty Trust TENANT: Hope & Comfort BROKERS: Dean Blackey & Elizabeth Holmes - R.W. Holmes Commercial Real Estate NOTE: R.W. Holmes secured a 10,600 sq ft lease for Hope & Comfort at 33 4th Ave in the N2 Innovation District, where it will serve as their new headquarters. The relocation supports Hope & Comfort's mission to expand its reach in providing hygiene products to children in need within the Greater Boston area. #Boston #RealEstate #Needham #Massachusetts #Mixeduse #HopeandComfort #FourthAvenueRealtyTrust #DeanBlackey #RWHolmesCommercialRealEstate #ElizabethHolmes #TradedBoston

R.W. Holmes is excited to announce our newest listing at 600 Clark Road, Tewksbury, MA! This 35,024 SF building offers flexible office, medical, and R&D space to meet a variety of business needs, with availability across multiple floors. With easy highway access, recent renovations, and walkable amenities, 600 Clark Road is the perfect opportunity for businesses looking to expand their presence and thrive in the Greater Boston area. To view the brochure, https://lnkd.in/eRy6T3tQ. If you would like more information or to schedule a tour, please contact David Gilkie, SVP, CCIM, SIOR. #commercialrealestate #CRE #RWHolmes

  Join Us October 10th at the Community Leadership Reception hosted by the Community Foundation for MetroWest!    We’re excited our own Elizabeth Holmes is co-chairing this event along with Jason Grant to celebrate the impactful achievements of the Equity in Education Action Project. And we are thrilled that our client, MathWorks, will be honored with the Community Leadership Award.    Will we see you there?  Tickets are still available! Don’t miss this inspiring evening and great networking opportunity: https://lnkd.in/eqx5P_SH

This week’s edition of our Submarket Spotlight Series highlights the 128 South Industrial market. Our Q2 2024 Market Report offers an in-depth look at the key trends, leasing activities, and notable transactions that are shaping this dynamic submarket. Explore the full report here: bit.ly/RWHmarketreportQ2.   Key Market Insights:   -Investor Activity: Investor demand remains strong for industrial properties in the 128 South submarket. Seyon Group’s acquisition of 50 North Street and 75 York Ave for $21.8M underscores the appeal of this market to institutional investors.   -Leasing Trends: The UNICOM 80,000 SF lease renewal at 25 Dan Road highlights ongoing trend of tenant renewals.  This renewal reflects UNICOM’s long-term commitment to the submarket and the sustained appeal of 128 South for established industrial users, but the focus has shifted for many tenants to renew in place rather than test the market if their space is fitting their needs. Dive into our comprehensive Q2 2024 Market Report to gain insights on these trends and more, and discover how these developments can shape your strategic planning. Access the full report here: bit.ly/RWHmarketreportQ2

We’re thrilled to announce that Mike Ogasapian has been promoted to Senior Vice President!   Over the past ten years, Mike has been an invaluable asset to our team, securing over 1.5 million square feet of office and industrial space for our clients. His client-first, data-driven approach has been instrumental to our success in the Route 128/Route 3 North markets. Read the full press release here https://lnkd.in/et_pMfA3   Please join us in congratulating Mike on this well-deserved promotion!

This week's edition of our Submarket Spotlight Series focuses on the 128 North/Route 3 North industrial market. Our Q2 2024 Market Report delivers detailed insights into the leasing activities, strategic relocations, and key transactions that define this evolving market. Explore the full report here: bit.ly/RWHmarketreportQ2 Key Market Insights:   Vacancy Rates: There is a slight increase to 6.50%, driven by 2,000,000 SF of speculative construction entering the market in 2024.   Leasing Activity: Leasing activity remains strong with several new deals such as Zoll Medical taking 111,000 square feet at 38 Upton in Wilmington, Persimmon Technologies taking 140,000 square feet at 35 Crosby Drive in Bedford, All Access Equipment taking 70,000 square feet at 200 Danton in Methuen via a sublease, Locus Robotics and Mainstream Global each taking about 35,000 square feet a piece at 65 Sunnyslope in Tewksbury via sublease, and Encon taking 53,000 square feet at 3 Lopez Road in Wilmington.  With so much new construction delivered to the market, the next two quarters will be a test of demand from tenants. The North industrial market has enjoyed single digit vacancy since the beginning of 2008. We expect to see a few more major leases inked from now through the end of 2024 in new generation product. Market Trends: Investor confidence remains strong, highlighted by TPG Dogwood’s $90M acquisition of new high bay space in Wilmington.   Dive deeper into our Q2 2024 Market Report to see how these trends can inform your strategic decisions. Access the complete report here: bit.ly/RWHmarketreportQ2

Looking Ahead to 2025: Navigating the Tight Industrial Market With industrial vacancy rates remaining low and demand for space still extremely high (especially for spaces under 100,000 SF), securing the right property requires a strategic approach. In our latest blog, we offer actionable steps to help you: - Start Early: Low vacancy rates mean prime properties go fast. Begin your search 12–18 months in advance to stay competitive. - Define Your Requirements: Clearly outline your needs—everything from power capacity to parking—to ensure your space supports your operations. - Consider Factors Beyond Rental Rates: Employee retention and proximity to stakeholders can matter more than slightly lower rent. Prepare now for success in 2025 and beyond — click to read our full guide on planning for the industrial/flex market: https://lnkd.in/eRbbUmc6