Metro Boston Market Report | Q4
Downtown and the Route 128 Loop led a strong fourth-quarter performance in the Greater Boston office market, with total absorption surpassing 700,000 square feet and vacancies falling to 11.6%. The war for talent continues to drive inbound tenant relocations to the urban markets as well as fuel growth in urban outposts from firms like Bose and possibly Staples and Haemonetics. While we expect this eastward migration to continue, the suburbs remain alive and well as several large requirements have opted to remain outside of the city and build-to-suit construction has bolstered net absorption. Read this and more in our Q4 market report.