Biotech companies breathe life into Greater Boston construction jobs

Posted by IronPlanet on Jan 2, 2012 9:48:00 PM

As the economy recoiled over the past few years, the construction of new office buildings in the Greater Boston region all but ceased. However, as we slowly but surely climb out of the recession, biotech companies have shown renewed interest in the area. According to the Boston Globe, the last quarter of 2011 showed an eightfold increase in the amount of office space constructed, reaching 1.6 million square-feet.

"It's been a slow climb back, but my feeling is we're right in the middle of a recovery," John Miller, a senior vice president with Lincoln Property Co., which released its own report confirming these numbers, told the news source.

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Topics: Construction, Industry Headlines