Tightening Office Market Means Higher Rents, Fewer Vacancies
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| Millennium Pharmaceuticals, based in Cambridge at 40 Landsdowne St., has contributed to the city’s credibility as a home to laboratory space. |
By Thomas Grillo
The Cambridge office market was the big story last year as the vacancy and absorption rates fell by more than four percentage points – the biggest drop in five years – while some rents topped $35 per square foot.
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