Boston Office Market to Break Sales Record
Boston's office market is on pace to break last year's sales record of $6.3 billion, says Jones Lang LaSalle. The brokerage's Q1 2007 report finds that $5.6 billion worth of Boston office sales took place in Q1. Jones Lang LaSalle said that investors are being attracted by the market's strong fundamentals, which include a dwindling supply and rents as high as $70/sf, a rate not seen since before the dot-com crash a few years ago.
As the Broker/Owner of William Raveis of RI, I am fortunate to work with the William Raveis group, the largest family owned real estate firm in the northeast and the 9th largest in US.
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