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Article: Boston Properties remains solid - Long leases prove to be a strategy that pays off.(Magazine)
- Article from:
- The Boston Herald
- Article date:
- April 25, 2002
- Author:
CopyrightCOPYRIGHT 2002 Boston Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In a year in which dot-bombs left wide swaths of empty office space in major markets like Boston and San Francisco, development giant Boston Properties managed to rack up solid returns.
The secret of Boston Properties' success has been reasonably good market timing when it comes to building big new corporate office towers, and a conservative approach to leasing that emphasizes long-term deals over eye-popping rents, industry experts say.
And analysts are projecting additional growth for Boston Properties in 2002, despite a still sluggish economy and a real estate market struggling to pull out of a sharp downturn.
"In terms of year-over-year ...