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Boston CRE: Vacancy Rates Still Down

BOSTON-A Cushman & Wakefield midyear report for the Boston commercial real estate market illustrates that this city continues to absorb space.

By Miriam Lamey | Updated on June 26, 2012

BOSTON-Boston is back – with a vengeance it may seem as Cushman & Wakefield’s midyear analysis of the commercial real estate market shows absorption in key metro neighborhoods here.  In the city’s Financial District, second quarter vacancy rates show a drop of 0.4% according to a recent press release. Further, the area has seen a 300,000 square foot increase in occupancy up to the same point in time.

And in the coveted Back Bay neighborhood, the same figures rest at a near equilibrium with its vacancy rate at 5.7%.

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