|Bid||21.35 x 100|
|Ask||21.50 x 200|
|Day's Range||21.30 - 21.50|
|52 Week Range||16.90 - 25.85|
|PE Ratio (TTM)||143.33|
|Dividend & Yield||0.68 (3.19%)|
|1y Target Est||N/A|
The newest apartment towers in Boston’s Seaport District are coming online, offering eye-popping downtown views — and equally eye-popping rental rates. At a combined 1.5 million square feet, the $600 million One Seaport Square development is the among the largest mixed-use projects in the city of Boston in at least three decades. The development features a combined 832 rental units across two towers— The Benjamin, a 22-story, 354-unit tower at 25 Northern Ave., and VIA, a 20-story, 478-unit tower at 5 Fan Pier Blvd. Both towers sit atop a combined 250,000 square feet of retail space and are connected by a 17,000-square-foot open space dubbed Courthouse Square, which will open later this summer.
The pace of office-space leasing slowed in the second quarter, mostly because of sluggish activity in the country’s top five markets, according to new figures from data firm Reis.
U.S. office vacancy rate was flat at 16 percent in the second quarter of 2017, compared with the preceding quarter, according to real estate research firm Reis Inc. "We expect stronger construction in 2017 than in 2016 which means that the vacancy rate could continue to stay flat as occupancy grows at or near the same pace as new completions just as it has over the last two years," Barbara Denham, senior economist at Reis, said. Construction activity slowed, with 7.55 million square feet of new office construction completed in the quarter, compared with 9.52 million square feet in the first quarter.