Our own Chris Sower participated in a panel discussion this morning in the Seaport for NAIOP. Demand showed little sign of letting up for office space in Boston through 2015. Tenant-in-the-market demand is up nearly 70 percent from 2012.
From Banker and Trandesman:
Greater Boston’s busy development scene shows little sign of slackening through 2015 with strong demand for commercial and multifamily properties, analysts predicted at an industry event Thursday. Tenants are in the market for 4.4 million square feet of office space in downtown Boston, an increase of 69 percent from 2012, said Rebecca Galeota, a senior vice president at Cassidy Turley. “The flight to urbanization only plays to the strengths of our city,” she said.