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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
