Statistics newly released by Spaulding & Slye reveal amarket that is solid and shows no sign of slowing. Looking at thegreater Boston areaas a whole, S&S reveals that some 7.8million sf of space was available in the quarter from a totalinventory of 125.3 sf. Thatbrought the availability rate to6.2%.
Year-to-date net absorption came in at 8.9 sf with absorptionfor the quarter posted at 4.2 million sf. Average asking rentshovered around $37.69 per sf.
Breaking the market down into subsectors, the winner in terms ofQ3 availabilities was South Station, which logged 0.3%availabilities(6,070 sf). Bringing up the rear was Back Bay, whichposted a 5% availability rate or 543,667 sf. Oddly, rents toppedthe charts at $56.39.
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