DTZ Report: Class B Rents Rising

BOSTON—Boston’s commercial markets have concluded a first quarter that DTZ says was “quiet on paper,” but much busier in reality, with class B rents jumping in the city and movement of activity from Cambridge to Lechmere. And suburban Lexington become a hotspot as bio-pharmaceutical leader Shire grabbed more than 200,000 square feet of space as it became available. These development’s are noted in DTZ’s first-quarter MarketWatch research report, and accompanying press release:

As we usually see in the first quarter it was quiet on paper.  However, there is always a story behind the numbers.  And this quarter brought a few trends we’ll be watching throughout the year.