News Summary The Boston Retirement Board has approved a 3% annual cost of living adjustment (COLA) for retired city workers, amounting to $450 for the
News Summary The influx of international students has bolstered Boston’s luxury market significantly. Retailers like Bulgari report increased sales, especially among wealthy students from cities
News Summary The Boston City Council has unanimously approved a resolution to create a Blue Ribbon Commission to address the rising office vacancy rates in
News Summary The Greater Boston life sciences sector is experiencing a significant shift as the lab vacancy rate reached 25%, up from nearly zero in
News Summary A recent study highlights a potential $1.7 billion drop in Boston’s commercial property tax revenue over the next five years, attributed to changing
News Summary Boston is set to host the annual BIO trade show, expecting over 20,000 attendees amid growing concerns for the local biotech sector. The
News Summary Funding reductions in U.S. science and biotechnology sectors are significantly disrupting job opportunities for scientists. Proposed cuts for 2026 include a 40% reduction
News Summary Commercial property owners in Boston are encountering unexpected tax penalties during abatement filings, termed the ‘hidden penalty.’ This trend leads to increased property
News Summary Boston is confronting a projected budget shortfall of $1.7 billion over the next five years, a rise from earlier estimates. A report by
News Summary Boston is preparing for a significant downturn in international tourism, particularly impacted by a projected 20%-25% decrease in Canadian visitors. The hospitality and
