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BOSTON-Talk is starting to be heard of a slight economic downturn, but it’s only talk so far, and it certainly isn’t reflected in the office market statistics emanating from Boston-based Spaulding and Slye. The firm’s Q3 statistics reveal a market that is solid.

Looking at the greater Boston area as a whole, S&S reveals that some 7.8 million sf of space was available in the quarter from a total inventory of 125.3 million feet. That brought the availability rate to 6.2%.

Year-to-date net absorption came in at 8.9 million feet with absorption for the quarter posted at 4.2 million sf. Average asking rents hovered around $37.69 per sf.

Breaking the market down into subsectors, the winner in terms of Q3 availabilities was South Station, which logged 0.3% availabilities (6,070 sf). Bringing up the rear was Back Bay, which posted a 5% availability rate or 543,667 sf. Oddly, rents topped the charts at $56.39.

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