Click on the text below to view the previous issues of our newsletter.
Click on our logo below to visit our corporate website:
To Unsubscribe, click the (REMOVE) link located at the bottom of this page. You will be instantly removed from our distribution list.
|
|  |
|
|
Greater Boston
Year-End 2003 – Improving Outlook
by Robert Kasvinsky
The economy nationally has improved and there were positive signs in the fourth quarter locally. For the first time in three years the Boston, Cambridge, and suburban office markets posted positive net absorption. There also was an increase in net occupancy in the suburban R&D market in the fourth quarter, although the industrial market weakened. Despite the upbeat news, it would be an understatement to say we’re still “gun-shy.” Job creation is key for a real estate turnaround, and significant improvement in employment, translating into positive demand for space, will be proof that...
[FULL STORY]
|
Office Rent Survey
Respondents See Rents Firming
Last month’s survey asked where office rents will be in six months. Boston respondents believed that rents will be flat and for Washington, they thought that rents will be flat or on the increase in July 2004. In five surveys taken at 6-month intervals, the rental outlook in Greater Boston and in Metro Washington has shifted from a view that rents would decline to one that rents will hold steady or be on the rise. It depends on the perceived conditions and outlook in the two markets...
[FULL STORY]
|
|
| |
|
|
Metro Washington
Year-End 2003 – Mixed Conditions
by Ann McKenzie
The Metro Washington Area ended 2003 with a vacancy rate of 10.4%, significantly higher than the 8.8% seen at year-end 2002, yet remarkably healthy in comparison to the rest of the nation. In addition to 33.1 million square feet of vacant space, 10.3 million square feet of sublease space contributed to an availability rate of...
[FULL STORY]
|
|
Underutilized Office Space Survey
Twenty months ago we asked how much office space you believed companies had under lease that could be reoccupied when hiring resumes. The amount of already leased (shadow) space companies can simply refill without leasing more is important because it will reduce net absorption over the near term. With an economic recovery that seems to be gaining traction and brightening prospects for new hiring, it’s time to revisit that question.
|
