0 MA Job Growth Strongest Since 2000

MA jobs growth

Credit: The Boston Globe

Our local economy continues to grow and outperform the national average. This is mirrored by the increased price of office space per square foot that has surpassed pre-recession levels.

The Boston Globe reported on the strong year in 2013:

“Despite the impact of automatic federal budget cuts known as sequestration, the state gained more that 55,000 jobs in 2013, compared to about 49,000 in 2012 and 43,000 in 2011, the state Executive Office of Labor and Workforce Development reported Thursday. It was the best year of job growth since 2000, when the tech boom — shortly before it went bust — drove the creation of about 95,000 jobs.”

The full article is available on the Globe’s online outlet here: The Boston Globe

0 Boston Office Market ‘Booming’

Boston office spaceWill landlords in the city of Boston start construction projects without a tenant in hand? The market is significantly different than it was a few short years ago and the Seaport has evolved into a destination location.

A Bloomberg editorial paints a glowing portrait of the flourishing Boston office market: “Boston’s real estate market, often overshadowed by the skyscrapers of New York and government-fueled growth in Washington, is seeing a boom in construction as developers financed with cheap debt seek to profit from a growing workforce of educated young adults and strength in the technology and life-sciences industries. The office-vacancy rate is among the lowest of major U.S. markets and tenants are occupying new space at almost triple the national average.”

Follow the link to read the full Bloomberg report, or continue on to view available office space listings in Boston and Cambridge.