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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: nextrade! who wrote (24401)10/10/2004 5:48:02 PM
From: nextrade!Read Replies (3) | Respond to of 306849
 
Boston, Sublease Space Knocks Office Market for a Loop

Bank of America, Manulife Downsizing in Downtown; Availability Rates in Boston Soar to Above 18 Percent

bankerandtradesman.com

By Joe Clements
Boston’s office market turned a corner in the third quarter of 2004 – and ran into a wall. After a promising start to the year, with a number of significant lease signings helping bolster optimism that the region’s prolonged slide was finally nearing an end, much of the enthusiasm was halted by a one-two punch of slower demand and a series of announcements that several large blocks of sublease space were being heaped upon the city’s already bloated inventory.