Report | Boston Office Insight - Q4 2015
The Boston office market continued its hot streak in Q4, ending the year's final quarter with a 15 percent jump in leasing activity quarter-over-quarter—a total of 3.5 million square feet of transactions.
More than half of that Q4 leasing activity came via local tenants—such as Wayfair, HotSpot, Rockport, Bullhorn and LevelUp—further solidifying the market as a critical location for global brands.
Even with this increasingly tightening market, we expect only 50 percent of the 5.8 million square feet under construction to be available for delivery through 2018—pushing speculative developments in nearly every submarket.
However, early 2016 should be more favorable towards tenants, with several developments set to come online across a number of important submarkets—including in Chestnut Hill, Bulfinch and Seaport.
Learn more about what's happening—and what we expect to occur in the coming months—in the Boston office market in our Q4 US Office Insight.
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