Office Market Undergoes Mix Of Change and the Status Quo
By Joe Clements
As the local office market moves into the second quarter, some things are changing and others will remain the same, with Forrester Research opting to renew for five years at Technology Square in Cambridge while two well-known tenants appear on the march from their longtime homes in downtown Boston. UBS Financial Services is forsaking its namesake tower at 265 Franklin St. for nearby One Post Office Square, according to sources, whereas architectural firm Shepley Bulfinch Richardson & Abbott is reportedly leaving 40 Broad St. for the Hub’s burgeoning Seaport District.
Numbers Show Greater Boston Office Leasing Is Still Sporadic
By Joe Clements
Between the harsh winter, April Fools’ Day and pre-dawn clock adjustments, it is easy to understand a bit of springtime confusion this time of year, but whatever the cause, first-quarter figures for Greater Boston’s office market are coming in abnormally skewed, with contradictory results underscoring continued upheaval for the industry.
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