Is there a mass exodus from the city? Well, no. Companies are continuing to flock to markets that benefit their customers, employees, and work atmosphere. If office locations were solely based on price then we would see the tweener markets benefit. As we know, there are many contributing factors; in some cases public transportation is the driver, for others it could be the think tank of Kendall Square. Vacancy rates in the city and surrounding office markets have all benefited from the stronger economy.
A study discussed in the Boston Globe, notes “Waltham is the hottest office market in the state outside of Boston and Cambridge, leading a surge in corporate real estate activity along the Route 128 corridor…but Burlington and Newton are not too far behind.”
Jump over to BostonGlobe.com to read more.