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Office Insight

United States | Boston, MA

Report | Boston Office Insight - Q1 2011

Summary

Boston’s economy remains among one of the best nationwide, buoyed by an increase in technology and business spending. The area’s low unemployment rate and high income levels have contributed to consumer spending growth. It is expected that growth in the Professional and Business Services sector will support the recovery over the next few years.
Across the broader market, ample choice left tenants well positioned to negotiate favorable rates, terms and options. In response to the advantageous market, tenants continued to gravitate to higher quality and better located space options. Renewals are expected to remain the lease strategy of choice. But tenants will also become increasingly motivated to trade up to more efficient space.

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