After a quiet start to the year, the Greater Boston suburban market finished the second quarter of 2019 with 6,994 sq. ft. of positive absorption. Renewals and expansions by growing tenants paced a healthy quarter of leasing activity.
The Metro North and Metro West markets had strong quarters, and both finished with more than 50,000 sq. ft. of positive absorption. Tenants, specifically in the life science sector, continue to view the inner suburban submarkets as cost-efficient alternatives to neighborhoods in Cambridge and Boston. With landlords investing heavily along the Route 128 and 495 corridors, these properties are now comparable to urban assets and provide enough space for companies to grow.