Tag Archives: Boston Vacancy Rates

0 Boston Office Vacancy Rate among Lowest in U.S.

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1 Post Office Sq. Boston

Credit: Boston Business Journal

The Boston office market is tight, with vacancy rates among the lowest in the nation; Boston shared the 5th spot nationally with Portland, OR.

The BBJ notes, “the percentage of office space that’s vacant in greater Boston is lower than all but six other major U.S. cities…Boston recorded an 11.9 percent office vacancy rate in the third quarter, down 0.9 percent from the year-ago period, according to the third-quarter office report from commercial real estate research service Reis Inc. That vacancy rate ties Boston with Portland, Oregon as the fifth-lowest in the U.S., behind New York (9.2 percent), Washington, D.C. (9.3 percent), San Francisco (10 percent) and Seattle (10.8 percent).”

You can read more on the Bizjournals website.

0 Boston Office Vacancies Reach 14-year low

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office building graphic

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.

0 Boston Office Vacancy Rates Drop to Lows of ’09

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Building at the intersection of 262 Washington Street and 85 Devonshire Street in BostonWe have seen the largest decline in vacancy rates in Boston since 2009, to just below 10 percent.

Banker & Tradesman breaks down a recent report from Colliers International, noting, “the first quarter represents the eighth consecutive quarter of positive absorption in the Boston market. The downtown submarket was the tightest space in the city, with a 12.7 percent vacancy rate at year-end. The Financial District was primarily responsible for the solid results with 278,000 square feet of positive absorption, followed by the Seaport at 125,000 square feet.”

The full article is posted on the Banker & Tradesman website.