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 2022 with 4 transactions that contributed $8.9M to the sales volume in the South End. The top sale in this area was a condo at 1180-1200 Washington Street that sold for $2,750,000 and clocked $1,146/SF. The four sales here this year were in two buildings. The aforementioned 1180 Washington Street, Laconia Lofts, as well as Wilkes Passage at 1313 Washington Street. There was a plethora of activity on Wareham Street where new buildings have been coming online the last few years but it only resulted in one deal over $2M at 76 Wareham Street where a new construction condo notched nearly $1,600/SF. Expect a few more of these in 2023!
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 >