Demand for office in Boston is starting to pick up again. It's not the same as it once was before the pandemic but the asset class continues to improve.
In Colliers' Boston Metro Office Summary third-quarter report, the market absorbed more than a million square feet of product over the past six months. That marks the second straight quarter of positive demand – and just the first time that's happened in roughly three years, according to the CRE services firm.
The vacancy rate of 23 percent has been flat over the past two quarters. However, that figure is still 10 percentage points above the pre-pandemic low.
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