The outlook for commercial real estate in 2012 may come down to one simple thing: jobs within the financial sector.
The Massachusetts economy last year generated about 50,000 new jobs, as the life-science and high-tech sectors gained momentum and produced demand for office space in key regions in Greater Boston.
The Cambridge and Burlington office markets were particularly hot in 2011, reflecting the expansion within the life science and high-tech sectors. The vacancy rate in Boston’s Back Bay, meanwhile, also stood at a low 6.5 percent by the end of the year, reflecting an eclectic mix of tenants attracted to …
See all your followed company news on your personalized dashboard.
To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address below.
You must have a bizjournals account to follow a company.
Please Log In or Register.
To continue reading subscribe now
Already a subscriber? Sign in to link your subscription