History Of Bostons Economy PDF Download

Excerpt from Central Boston Development Guidelines: Background Report Comparisons with other cities illustrate the dominance of the office industries within Boston's economy. While Boston is twentieth in population size in the country, it is the fifth largest in the nation in terms of office space, ahead of such cities as Houston, San Francisco, Atlanta and Philadelphia. Only New York, Chicago and Washington, D.C. Have more office space. With over one thousand financial firms located in the City, Boston serves as a national center for finance, second only to New York. Indicative of the office sector's strength, the office market outlook through the late 1980's is excellent. The office space surplus of 1976-1978 has dis appeared. 1979 through 1981 was a period of extreme shortage, accompanied by a rise in rents and even a loss of existing firms from the City to the suburbs. Currently, the vacancy rate in Class A structures is percent. Low vacancy rates have led to a significant levels of new construction and rehabilitation activity. While vacancy rates may rise slightly over the coming two years, a strong market for new construction and rehabilitation is expected to continue. This section presents an overview of the role of office industries in Central Boston today, analyzes recent activities in office development, and presents a projection for office development over the next decade. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.