Archive for February, 2014

Boston’s Seaport District Rising

Once a predominantly commercial and marine district that fell into a period of steep decline, Boston’s Seaport has, for the past fifteen years, been enjoying a sweeping transformation and resurgence, and today epitomizes the “live, work, play” concept. Crucial to the Seaport’s rebirth was the construction and eventual completion of the Big Dig, a decades-long […]

Canadian Market Ups & Downs: Expect the Unexpected

Downtown Toronto astonished market watchers around the world when demand spiked in the wake of the devastating 2008 recession. At the time, 4.5 msf of office supply was under development, demand was expected to tank and vacancy was heading for the mid-teens. Instead, absorption reached an average of 330,000 sq. ft. per quarter between late […]

U.S. Employment Update: January Jumble

U.S. employment growth remained weak in January 2014 as the economy added only 113,000 jobs, the second-smallest increase in the past 18 months. Only December 2013 experienced slower employment growth when just 75,000 jobs were added. This back-to-back weakness follows six months when the average gain was slightly more than 200,000 per month, suggesting that […]