0 Commercial Office Markets to Watch in 2018

Posted on February 1, 2018 by Wil Catlin

Credit: Commercial Cafe

Boston has strong fundamentals and looks for increased rent growth in 2018.

Here’s a 2017 Assessment from Commercial Cafe:

Boston averaged between 11% and 12% office vacancy in 2017. Desirable tech submarkets are priced at a premium here, while emerging submarkets often offer discounts–the overall average asking rent in tech submarkets is priced at a 16% premium in East Cambridge (where inventory has decreased).

The Boston market also retained positive absorption, as vacancy dropped 0.4 percentage points to 12.0 percent last year. Large tenant move-ins have driven the 2017 Boston CBD market, with major shifts including Natixis Global Asset Management’s move into its new 150,000-square-foot headquarters at 888 Boylston St. in the Back Bay.

0 Boston Office Market Growing in 2014

Posted on August 11, 2014 by Wil Catlin

Boston office market continues to see strong demand for space. The BBJ offers a breakdown by market:

“The Back Bay remains the highest priced submarket at $53.65 per square foot, but not much has changed from a year ago, when average rents were $53.35. Rents in the Seaport were flat at $38.46 per square foot. Charlestown rents dropped to $22.43, the lowest rate in the city, down from $23.10 a year ago, and Fenway rents were flat at $32.95 per square foot.”

Credit: Boston Business Journal