Broker Says Boston’s Challenges Can Become Springfield’s Opportunities – BusinessWest
Evan Plotkin was talking about how “something has to give.” With that one phrase, he was talking about the commercial real-estate markets in the central business districts of Boston and Springfield. In the Hub, said Plotkin, president of NAI Plotkin, rents are sky-high and continue to climb — to more than $100 per square foot in some locations and to roughly $63 per square foot on average, with more space being built to accommodate soaring demand. Meanwhile, traffic, congestion, and problems with mass transit are strangling businesses, he said, to the point where meetings can’t start until 10 a.m. and overall productivity is impacted.