METRO AREA VITAL SIGNS

Office:

11.8% vacancy, 3Q 2008

11.4% vacancy, 3Q 2007

$34.32 rent per sq. ft., 3Q 2008

$30.65 rent per sq. ft., 3Q 2007

Source: Reis

Multifamily:

6.1% vacancy, 3Q 2008

5.8% vacancy, 3Q 2007

$1,659 effective rent, 3Q 2008

$1,592 effective rent 3Q 2007

Source: Reis

Retail:

6% vacancy, 3Q 2008

5.9% vacancy, 3Q 2007

$21.77 rent per sq. ft., 3Q 2008

$21.55 rent per sq. ft., 3Q 2007

Source: Marcus & Millichap, CoStar

Industrial:

13.6% vacancy, 3Q 2008

15.1% vacancy, 3Q 2007

$5.26 rent per sq. ft., 3Q 2008

$5.20 rent per sq. ft., 3Q 2007

Source: Marcus & Millichap, CoStar

Hotel:

73.9% occupancy, 3Q 2008

79% occupancy, 3Q 2007

$170.49 average daily rate, 3Q 2008

$165.76 average daily rate, 3Q 2007

Source: Smith Travel Research

MAJOR PROJECTS

Fan Pier - One Marina Park Drive: The first phase of the 21-acre project along South Boston's waterfront is finally taking shape. It includes an 18-story, 500,000 sq. ft. office tower and 40,000 sq. ft. of retail.

Developer: The Fallon Co.

Completion: 2009

Cost: $3 billion

Fairmont Battery Wharf: Prices for condominium residences of one bedroom or larger at the mixed-use development start at nearly $1.2 million. The North End development includes 105 condos, a 150-room hotel, a spa and restaurants.

Developer: Fairmont Hotels & Resorts

Completion: 2008

Cost: $300 million

45 Province Street: At the foot of Beacon Hill, the new 45 Province Street project will offer 150 luxury condos in a 31-story building that is walking distance to employment centers such as the State House.

Developer: The Abbey Group

Completion: 2009

Cost: $85 million

See also: Devices inject $1 billion into economy