Credit: wbjournal
The Boston Office market continues to price upward while pushing vacancies to levels not seen since 2001.
WBjournal reported on a study conducted by Transwestern, a commercial real estate management firm, citing “in the fourth quarter, the region’s office market closed the year at a 12.8-percent vacancy rate. For the year, 3.6 million square feet of office space was absorbed, marking the area’s seventh consecutive quarter of positive absorption.”
The WBjournal offers an additional details on Boston’s vacancy rate.