RESIDENTIAL PARCELS SQUARE FOOTAGE INCREASES

  • According to the BRA, residential parcel space in Boston increased by 19,719,950 square feet or 4.8% from 2000 to 2013
  • The increase of residential parcel space, which was a response to the growing population, indicates the expansion of residential developments and lead to commercial growth
  • Given the amount of multi-family construction in these submarkets, it makes sense that the South Boston Waterfront (The Seaport) increased by 210% and Downtown/Chinatown increased by 39.5%