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... in the United States, with more than 4.5 million residents. The region ran... ...ion could make up 27% of Boston’s job market by 2014, largely due to the sectors’ continu... ...eet Global, and Wellington Management.MarketsOfficeGreater Boston’s office market comprises more than 153 million squa... ...lla Mutual Insurance.RetailThe retail market is focused on high-end product with great co-tenancies. Dominant retail markets include downtown Boston’s Back Bay submarket, as well as suburban hubs such as Framingham/Natick, Burlington/Woburn, and Route 1 South. Retailers with less than 5,000 square feet comprise the largest share of the market and traditionally experience the highest vacancy rates. In contrast, big-box retailers with 100,000 square feet or more account for the smallest share of the market and have the lowest vacancy rates.IndustrialThe industrial market in the metro Boston area contains more than 303 million square feet. It can be generally characterized as a stable, low-volatility market. High land values and stiff environmental and entitlement regulations create few incentives to develop new industrial product. In fact, existing supply faces erosion from upgraded adaptive reuse in Boston’s densely developed inner suburban markets.InvestmentThe Boston commercial real estate market has proven resilient during both the 2002 and 2008 recessions. Its innovation-driven economy is diversified, built upon the four pillars of education, healthcare science, technology and finance. Not surprisingly, Boston enjoys an elevated status as one of the top commercial real estate investment markets in the country. Both foreign and domestic institutional real estate investors view a presence in the Boston market as essential to a well-diversified portfolio positioned for both stability and growth.Avison Young in BostonAvison Young entered the Boston market in late 2010 by employing the same innovation and creativity that drives Massachusetts’s diverse economy. Avison Young’s Boston office has developed organically by cultivating a range of services in brokerage, asset management, project management and capital markets. Locally, Avison Young represents more than 3 million square feet of space and has approximately 1 million square feet of property under management. As the hub of Avison Young’s northeast expansion, Boston often partners with the firm’s other U.S. and Canadian offices on multi-market projects. Media contacts:...