| 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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