Growth In I-495 Leases
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Office space along the Interstate 495 corridor saw some growth in occupancy rates in the first quarter of the year, though not as much as in other parts of Greater Boston, according to a report by Richards Barry Joyce Partners.The area saw an increase in occupancy of 0.7 percent, resulting in a 20-percent vacancy rate. For the entire Greater Boston area, the growth rate was 2 percent and the vacancy rate ended up at 15.3 percent.The report noted that asking rents in the I-495 area have been falling, and it noted a particularly strong renters' market in Marlborough, where space is available at Continue reading >>>