Hub’s Suburban Office Sector Stands Tall on Middle Ground
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| Trammell Crow Co. won a battle of leading real estate companies for the right to market space at 2 Ledgemont Center in Lexington. The property is located in the Central Route 128 area that has provided a boost for Boston’s suburban office market. |
By Joe Clements
All of a sudden, there is a core competency in suburban Boston’s office market. While fringe areas remain a bit frayed, the suburban version of Main and Main – the central Route 128 submarket – has undergone a dramatic resurgence over the past 18 months, leading the pack regionally in both office leasing and investment sales velocity, as well as in the recovery of office rental rates.
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