59 percent of tenants in the market are looking to maintain their current size. 34 percent are looking to expand, and 7 percent aim to downsize.
For high tech companies, 40 percent are seeking to expand and 54 percent want to maintain their present size.
The majority of tenants in the market, 67 percent, have a requirement of less than 15,000 sf.
This large demand from high tech and life science companies speaks to Boston’s ability to reinvent itself in the wake of the latest recession.