Examples denote Boston's commercial real estate decline post-pandemic: 147 Milk St. and 179 Lincoln St. sold for significantly less than previous prices. Increased taxes could worsen the situation by driving businesses away.
Dependency on commercial property taxes for crucial services necessitates a thriving real estate sector. Tax hikes risk property devaluation and businesses leaving Boston, negatively impacting the city's economy.
#commercial-property-taxes #boston-city-hall #real-estate-sector #tax-policy #economic-competitiveness
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