0 Boston Office Rents Climbing

101 Arch street office building in Boston's financial district

Office Building at 101 Arch St, Boston

The Boston office market continues to see a reduction in vacancy alongside increased pricing.

A Boston Business Journal article specifies, “every Boston submarket with the exception of the Back Bay saw the vacancy rate fall as tenants leased 1.2 million square feet of office space from January through March with 354,457 square feet getting absorbed. Citywide, the overall vacancy rate dropped to 10.3 percent in the first quarter, down from 12.6 percent a year ago.”

For additional details and submarket specifics, head over to the BBJ online.

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