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Posted In: News

Lower rents, wide choices draw tenants to Route 128 [Boston Globe]

By on Oct. 24, 2014

Excerpted from the Boston Globe

… Even though the vacancy rate along the highway is higher, companies shopping for new offices have “a sense of urgency” and are eager to lock down a lease, said Bob Duffy, a principal at Duffy Properties.

Added Kevin Casey, who oversees construction and leasing at Hobbs Brook Management: “What we do have vacant doesn’t last long.”

His firm is building the headquarters for Vistaprint in Waltham and owns other properties along the highway.

Property developers have become so confident of the strength of the suburban market that some are constructing or redeveloping buildings “on spec,” meaning without tenants lined up to move in when construction is complete.

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