.... the continuing saga of commercial real estate bad news.......
Great Boston Sublease Market decreased by 19,751 square feet in the 3rdQ.However there is 5.36 million square feet of vacant space at the end of September says the Boston Business Journal.
The classic example of a stalled and stagnated commercial market: too much inventory with almost no demand.
More Space coming? Super 88 Asian supermarkets throughout Greater Boston filed for bankruptcy ( Chapter 11) yesterday.
They closed stores in Boston's Chinatrown, South End and Quincy lasy year. The operate stores in Dorchester, Allston and Malden.
Liabilities of $ 10 to $50 million with 200 creditors. It's assets are valued at between $1 and $10 million.
Bill McInerney, Commercial Realtor
617 816 3933
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