BOSTON-Despite Q4 numbers that indicate that the market in the city here has been hard hit by the recession and the aftermath of the terror attacks, an industry insider tells GlobeSt.com that demand is starting to pick up.

GREATER BOSTON-Vacancy rates shoot up in this area and those numbers are likely to rise further as leases signed in the late 1990s start to expire. Rents have fallen dramatically and it is unclear when the market is likely to pick up.

CAMBRIDGE, MA-TolerRx leases 37,463 sf of space at 300 Technology Square, part of the 1.1 million sf complex owned by the Massachusetts Institute of Technology. The deal is welcome in a market that has seen its vacancy and availability rates shoot up over the past year.

BURLINGTON, MA-InterGen subleases 65,522 sf of space here in a 135,000-sf building leased by Nokia. The cell phone company leased the building in anticipation of growth but the current recession forced a change in plans.

NORWOOD, MA-Medical laser manufacturer Lumenis Ltd. closes its office here as part of a consolidation effort underway since the Israel-based company purchased the California-based Coherent Medical Group last year.

FRAMINGHAM, MA-Citing economic conditions, the town decides not to move ahead with a proposal for a mixed-use development here in the downtown area.

CANTON, MA-Casual Male Corp. asks a bankruptcy judge for permission to close down another 48 stores. The large-sized men's clothing retailer has already been allowed to close 80 stores since it filed for bankruptcy this past May.

BOSTON-Despite Q4 numbers that indicate that the market in the city here has been hard hit by the recession and the aftermath of the terror attacks, an industry insider tells GlobeSt.com that demand is starting to pick up.