2009 Q3 Market ViewpointThe overall vacancy rate increased from 17.6% to 18.0% during the quarter as total occupied space decreased by 640,000 square feet. This represents the fifth consecutive quarter of net negative absorption and nearly 4 million square feet of negative absorption year-to-date.
2009 Q2 Market ViewpointThe overall vacancy rate in the greater Boston office and R&D markets increased two percentage points during the first half of 2009—from 15.6% to 17.6%—as 3.2 million square feet of negative absorption was recorded.
2009 Q1 Market ViewpointThe overall vacancy rate in the greater Boston office and R&D markets increased from 15.5% to 16.5% during the quarter as 1.7 million square feet of negative absorption was recorded.
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2009 Fall Economic BriefPerhaps most notably, the recent improvement in GDP is viewed by some observers as unofficial confirmation that the national recession, which began in December 2007, may finally have ended. Despite this “good news,” however, the labor markets remain weak.
2009 Spring Economic BriefState revenue forecasts appear to be revised downward almost daily and present a bleak picture for the current and upcoming fiscal years. Although Massachusetts moved into recession later than many states, job losses are mounting and the unemployment rate is 7.8%.
2009 Summer Retail ViewpointThis report describes some of the significant trends and transactions that affect the Boston-Metro retail market—with the objective of providing our clients, partners and friends with vital, real-time industry information.