Our city is growing and adding more office, industrial, warehouse and retail space. This translates into construction jobs, followed by permanent jobs once the new facilities are built and occupied.
The local angle is detailed in the Boston Business Journal:
“The commercial real estate market’s continued rebound has pushed Massachusetts up two notches to 7th overall when it comes to construction spending among U.S. states, according to a new study by the NAIOP Research Foundation…Spending in the Bay State to build office, industrial, warehouse and retail space totaled $1.78 billion and supported 49,653 jobs in 2012, according to NAIOP.”
Follow the link for additional Boston Commercial Leasing Trends.