Based in Boston, Sorrentino monitors and analyzes CoStar’s extensive real-time, transaction data to deliver insight and compelling analysis of market trends across the multi-family, office, industrial, and retail markets for CoStar clients throughout...
Based in Boston, Sorrentino monitors and analyzes CoStar’s extensive real-time, transaction data to deliver insight and compelling analysis of market trends across the multi-family, office, industrial, and retail markets for CoStar clients throughout the Greater Boston region.
Before joining CoStar, Sorrentino was the North America Research Manager at a multi-national construction firm. He has also served as a market expert for companies in proptech and commercial brokerage. He holds a combined degree in Economics, Environmental Studies and Business Finance from Northeastern University.
In the first quarter of 2025, Boston’s office market reached a 25-year high vacancy rate of 14%. Boston had previously outperformed the national average, with local office vacancy rates holding below ...
Spurred by the availability of low-cost capital, Boston office sales volume reached an all-time high in 2021 with $12.4 billion in transactions. This surge in investment sparked a sharp run-up in ...
As of the first quarter of 2025, Seattle and Boston have the lowest availability rates among the 50 largest retail markets in the nation. While both metropolitan areas experienced a slight uptick ...
After peaking in 2022 at 43.7 million square feet, the construction pipeline for commercial property in Boston has substantially slowed since then, with the pipeline shrinking to 29.3 million square ...
Led by sales of multifamily properties, Boston's total investment sales volume surpassed $3.4 billion in the fourth quarter of 2024, making it the strongest quarter for sales volume since 2022 and ...
With nearly 13 million square feet of active office construction, Greater Boston has the largest office development pipeline among all major U.S. markets. The influx of new supply will coincide with ...