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Article: Boston office market continues to be strong
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 12, 1996
- Author:
CopyrightCopyright 1996 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Vacancy rates in the Boston office market continued to decline in
the third quarter and were at a 12-year low in the Central Business
District, according to a survey conducted by Cushman & Wakefield of
Massachusetts Inc.
The Greater Boston market vacancy rate dropped to 7.3 percent in
the third quarter from 8.1 percent in the second quarter. The
Central District rate fell to 7.4 percent from 8 percent the previous
quarter while the vacancy rate outside the Central District fell to
7.2 percent compared to 8.2 percent in the previous quarter.
The survey found that most of the available Class A space in the
central district is less than 10,000 square feet, causing large
downtown tenants to ...