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Strong fundamentals persist throughout Boston region

  • ​Rents are still increasing across markets, growing 5.0 percent year-over-year in Greater Boston.
  • Additionally, vacancy rates continue to gradually decrease, down 30 basis points in thesame time period.
  • Along 128/Mass Pike, the delivery of a fully leased development was complemented by an owner-user sale involving Mass General Hospital. This activity heavily contributed to 155,000 square feet of positive absorption for Greater Boston over the quarter.
Source: JLL Research

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