Mass. Fueling Creation of Retail Jobs in Boston

Posted on June 14, 2010

The state of Massachusetts is attracting a variety of businesses in the retail industry to fill vacant buildings around the city, creating optimism that retail jobs in Boston will increase in the coming year.

Major retailers like Best Buy, Savers and Ultimate Electronics will be expanding or setting up shop in Boston.

These various merchants have signed leases for roughly 2 million square feet of retail space left empty by bankrupt retailers such as Circuit City, Linens ‘n Things, and CompUSA.

According to Boston.com, real estate brokers provided the optimistic data.

Among the retailers opening up new jobs in the area are:

Savers: a thrift store chain based in Washington, opened in a North Attleborough building.

So why are retailers setting up shop here? According to Boston.com, it’s because the Massachusetts economy is improving far more rapidly than in other parts of the country. While land is actually priced higher than the national average, this has in fact been a draw for companies who bought cheaper land in poorer areas and failed or went out of business quickly.

The thriving metropolis of Boston is proving to be quite a draw for retailers.

New England Development, which just bought space in Westgate Mall in Brockton.

Best Buy, which is opening a store in Plymouth.