BOSTON-During the second quarter, according to Richards Barry Joyce & Partners’ figures, Boston showed 39,000 square feet of positive absorption, which as SVP of Research Brendan Carroll tells, is pretty negligible in a 177-million-square-foot market. This past quarter amounted to 401,000 square feet, which not only shows a significant drop in vacancy, also links two consecutive quarters of positive absorption. “This is a potentially indicative trend to be entering of positive absorption of space being taken, as opposed to companies shedding space,” he explains.

The beating that Boston and its outlying submarkets took immediately following the tech bust took some time for recovery, but when it arrived, the precursor was flat absorption that led into a rally of 20 consecutive quarters of positive growth. Caroll points to the current trend as aping the this previous trend, although it is too soon to say for sure.  However, “this is exactly how the last recovery began,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.