Report: Boston commercial real estate near peak

Boston's commercial real estate market is "almost at the peak achieved in 2000" after several years of upward movement, Jones Lang LaSalle said in a new report.

Jones Lang LaSalle is a real estate money management and services firm headquartered in Chicago, and its report on the Boston commercial real estate market was authored by William P. Barrack, a managing director.

Because of constrained supply and "robust leasing velocity," the vacancy rate has "plummeted by 57 percent to only 4.6 percent in the second quarter of 2007," he wrote.
(By Chris Reidy, Globe staff)