Boston Year-End 2019 Market Report

 

Boston Year-End 2019 Market Report

 

The Greater Boston office market ended 2019 on solid footing. Rents in Downtown Boston increased by over 15 percent year-over-year, and tech companies continued to absorb significant space in prime locations.

 

Landlords will remain in the driver’s seat for the foreseeable future. In Cambridge and Downtown, tenant demand remains voracious – particularly for well-amenitized buildings with a focus on tenant experience – as companies seek to gain an edge in recruiting and retaining millennial talent. There are a number of companies currently seeking large blocks of quality space and only limited supply, and while there is a robust development pipeline, the majority of that space has been preleased. Those factors should ensure that rents will continue to increase, although not as sharply as in 2019.

 

Click here to download the report. 

 

 

Linda McDonough
Senior Vice President, Marketing
+1 617.455.4035 

 

Comments