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The Boston Globe


Office rents in Boston rising as recovery takes hold

The Boston-area office market has almost fully recovered from the economic downturn, with companies filling up large chunks of space and driving a steady uptick in rents.

In the last three months, average asking rents in Boston jumped to $46.26 per square foot, up 16 percent from the depth of the downturn three years ago, according to the real estate firm Jones Lang LaSalle. A number of large companies have recently moved into the downtown core, and several are also building large office complexes.

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