Greater Boston Office Market Records 5th Straight Quarter of Positive Absorption
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Overall vacancy remained steady at 13.8 percent, due to new office space delivered during the quarter. High-quality space still drives the market, with Class A buildings in the Back Bay and Financial District accounting for 486,000 square feet of absorption and East Cambridge rents reaching $60 per square foot for the first time since 2000. Class B buildings are also benefitting from the strong market, with Downtown Boston Class B rents growing at a faster rate than their Class A counterparts.
"It's a very good sign of a strong office market to see growth permeate the entire region, not just Continue reading >>>