South of Washington Street – affectionately known as “SoWa” – and it’s unapologetic injection of artsy culture into the South End is well known around the broader city. Once home to warehouses and a smattering of artist studios, this sub-neighborhood has become a thriving residential and artisan community complete with galleries, studios, showrooms and high end condominiums.
SoWa includes Washington Street, East Berkeley, Albany, and East Canton Streets. Harrison Street is the primary thoroughfare that features galleries, markets and restaurants aplenty. Residential addresses tend to be north of Harrison with the artist studios occupying the southern side of Harrison down toward Albany Street and the Southeast Expressway.
SoWa stayed on our radar in 2021 with 6 transactions that contributed $16,175,000 to the sales volume in the South End. Four of the six transactions were from The Factory at 46 Wareham. This 18 unit building is 50% sold out with one unit selling under the $2M mark and two more units currently under agreement.
Looking into the near future, more residential development is happening quickly in this rather large sub-neighborhood. The much anticipated Flower Exchange project on Albany Street is a larger commercial development that will further energize the area in the years ahead. The spillover from continued development in the Ink Block area will also give a boost to SoWa lifestyle and pricing.
We believe when real estate consumers are presented with a complete and robust spread of data, in conjunction with their personal preferences, decisions can be reached with the most confidence.
For more sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >