Commercial Leasing in Massachusetts
Operators in the Commercial Leasing industry in Massachusetts serve as lessors of buildings that are not used as residences or dwellings. To this end, industry operators are especially dependent on the health of general economic and business environment within the state of Massachusetts. Over the past five years, the industry has grown strongly as increased consumer confidence and household disposable income has spurred greater consumer spending in Massachusetts. Operators have experienced increased profit margins over the past five years, in line with falling rental vacancy rates and increased demand. High profit margins and increasing revenue over the past five years has led to a significant increase in entrants to the industry. Over the next five years, growth in the value of nonresidential construction in Massachusetts will increase demand for industry services. Nevertheless, the office rental vacancy rate in the United States is forecast to stagnate keeping revenue growth lower than the previous period.
Operators in this industry serve as lessors of buildings that are not used as residences or dwellings. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it to others, and establishments that provide full-service office space. This industry excludes general warehousing and storage companies, such as self-storage businesses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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