Boston Offices Hitting Peak Numbers
With employment at a 14-year high, and the Boston metro firmly on the radar screens of institutional investors, look for 2015 investment sales to match prior bests, says JLL New England research manager Lisa Strope. Sales for Greater Boston totaled $9B, the millennium's best years after '06 ($10.8B) and ’07 ($11.B). Last year, rents ramped up to $56.65 for Class-A offices in Boston's CBD (a 12.2% rise from a year ago) and hit a high of $57.78 in the Seaport. The city’s overall vacancy rate was 10.3%, with the Seaport turning in the best performance at 7% for all classes of space.