We are cautiously along exploration - bis’06

In the world of economics, 2005 was everything that was in 2004 and more: the higher the rate of economic growth, further increases in energy prices and more mergers.

The year also produced more success for the state’s life sciences industry, more taxes for the coffers and more tenants for offices downtown. Who has not been stable, but it would have been worse.

This is probably not a bad epitaph for the year 2005. Here is a look back over the past year and cast a glance at the new advance.

The weak economy in Massachusetts has shown signs of life during the years 2005, as production expanded, a little, employment grew, barely, and unemployment was not much worse. But during the last year from employment growth - a paltry half percent - are at least 2010 Massachusetts before 2001 in employment.

Housing, governments that the hot sector, showed signs of a slowdown, such as suppliers, buyers, the question was raised, “Are you out of your mind?” Stocks rose, remained more housing on the market, suppliers and reduced prices.

Yet there was light glances, not only among buyers. Some important sectors of employment, as businesses and professional services, showed strength, while the duration of Down and out professional real estate sector began a modest recovery.

Third quarter stands in areas of Boston has declined by 14 percent to 17 percent, and to demand higher rents space, houses high rampa a few dollars per square foot of real estate company in Meredith & Grew / Oncorhynchus. Closed sales of commercial real estate in Boston over $ 1 billion.

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