This REIT's Results Suggest Office Demand Has Come Roaring Back
Boston Properties (NYSE: BXP) is the country's largest publicly traded owner and developer of high-quality office properties. The real estate investment trust (REIT) concentrates on some of the country's biggest office markets, with properties in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. All this means it has its fingers on the pulse of the office market.
Despite all the negative headlines declaring the death of the office over the past year, the office REIT's recently reported fourth-quarter results suggest that the office market is alive and well. Here's a look at what the company is seeing in the office sector these days.
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Source Fool.com