As expected, the second half of 2020 lacked the necessary solutions for Boston’s commercial real estate market.
The lone bright star, the life science industry, continued to expand as investments continued to flow into these companies. Real estate developers did everything they could to capture market share. But the office market remained frozen in place, as companies lacked any desire to bring their employees back to offices until a vaccine becomes widely available.
Companies across Boston and around the globe still seem to be months away from taking a stance on defining what impact remote work will have on their future office requirements. 2020 brought more questions than answers on that front.
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Senior Vice President, Marketing