Business Services Industry
Cambridge, Mass., Commercial Real Estate Market Improves.
Knight Ridder/Tribune Business News, December, 2002
By Thomas C. Palmer Jr., The Boston Globe Knight Ridder/Tribune Business News
Dec. 18--The vacancy rate in the Cambridge commercial real estate market dropped dramatically this year, from 16.4 percent to 12.4 percent, according to year-end figures compiled by brokers Richards Barry Joyce & Partners.
That considerably welcome bit of good news came yesterday amid a generally dismal real estate picture for Greater Boston, as brokers begin to release their numbers summing up 2002.
Falling rents -- from a high of about $70 per square foot in 1999 to about $25 now -- drew firms that wanted to locate in Cambridge but couldn't afford to, Richards Barry director of research Katie Kelly said. Most of the space absorbed was sublease space....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express