Landlord Competition Reaching Fever Pitch
By Kristie DiSalvo
In a market awash in escalating vacancy rates and declining rents, landlords are aggressively chasing the few large companies searching for chunks of office space in the Greater Boston market. Fierce competition threatens to accelerate the trend toward falling rental rates seen throughout much of 2003, while deep incentive packages offered by landlords such as free rent for a portion of a lease and tenant fit-out improvements leave some brokers wondering how long property owners can stay afloat.
Underlying Fundamentals Paving Way Toward Economic Recovery
By Kristie DiSalvo
Count Edward Ladd among those who believe that this year, a tax cut will send new money into Americans’ pockets, businesses will continue spending and low interest rates will continue to make it cheaper for individuals buying a new home.
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