0 Boston Office Rents Stay Among Country’s Highest in 2015

Boston offices

Credit: Boston Business Journal

Boston Office rents are some of the most expensive nationally and expected to continue upward during 2015.  Vacancy in the city has continued downward with value options within the low rise Class A and Class B in the Financial District.

“The vacancy rate in Boston at the end of the fourth quarter was 13.4 percent, the seventh-lowest rate in the country among the roughly 75 markets Reis examined…The national average was 16.7 percent. Average Boston rents rose 0.2 percentage points during the fourth quarter. Most of the cities saw a small decline. Average rent in Boston at the end of the fourth quarter was $32.42 per square foot — fourth highest in the country,” according to stats presented on the Boston Business Journal.

The full BBJ article can be found, here.