Boston ranks in top 10 for office-rent growth

LOS ANGELES – A recent report on the hottest markets for office space found Boston among the top 10 nationally for growth in rents, between the second quarters of 2013 and 2015.
San Francisco, the Silicon Valley, Raleigh-Durham in North Carolina, the San Francisco peninsula, and Vancouver made up the top five markets, according to a summary of the CBRE Group Inc. report.
The list closely mirrors the cities in North America experiencing the fastest increase in high-tech software and services jobs, which have increased by 730,0000 since 2009. The sector is the leading driver of U.S. office demand, accounting for 20 percent of major leasing activity, according to CBRE.
Boston, which was ranked seventh in the country, had a 14.4 percent increase in rents between the second quarters of 2013 and 2015. From 2012 to 2014, Boston rents grew by 11.2 percent, according to the report.