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Boston office market shows signs of recovery

Posted on 03 April 2013

Office space vacancies in downtown Boston fell below 10 percent in the first months of 2013 for the first time since 2009. High employment in the high-tech sector and life sciences are the industry’s major drivers in the region’s recovery, growing at 9.8 percent and 5.0 percent year-over-year, respectively, according to new data from Jones Lang LaSalle.
Businesses are increasingly making the move into the downtown area, creating a shortage of space, the consultancy said. The vacancy rate is evidence that the market is “officially in full recovery,” the firm announced in its latest report………………………………………..Full Article: Source


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