Photo Credit: Boston Globe
As the recovery takes hold, office rents are rising accordingly across all submarkets in Boston’s Central Business District.
According to a Boston Globe editorial, “the Boston-area office market has almost fully recovered from the economic downturn, with companies filling up large chunks of space and driving a steady uptick in rents…the influx has pushed the vacancy rate below 10 percent for the first time since the end of 2009 — a threshold that often triggers larger rent hikes and even speculative construction activity.”
Additional details are available on the BostonGlobe.com..