Boston 2010 Real Estate News

Boston Property News

Saturday, April 18, 2009

Real estate brokerage says South Shore is an attractive office market option to Boston’s high rents

A major Boston real estate brokerage expects that the migration of office operations out of Boston to less expensive suburban options will continue for much of the next decade.

“We believe the South Shore and the suburban market will do much better over the next 10 years than we’re going to see in downtown Boston,” said James Elcock, an executive vice president at Colliers Meredith & Grew.

Elcock, who was speaking at a South Shore Chamber of Commerce meeting at the Lantana in Randolph on Wednesday, said the South Shore office market is particularly well-positioned to attract office tenants out of Boston.