BOSTON—The greater Boston office market saw775,000 square feet of office space absorption in the secondquarter, the region's fifth straight quarter of positiveabsorption.
However, the region's overall vacancy rate held steady at 13.8%due to new office space delivered during the last three months,according to a report released by Transwestern |RBJ.
“It's a very good sign of a strong office market to see growthpermeate the entire region, not just in one or two areas,” saysSteve Purpura, Transwestern | RBJ executivemanaging director and Northeast market leader. “The positive gainsreflect the broader economic picture in the region, including thelow unemployment rate and a very active public markets sector.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
