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Office Insight

United States | Boston, MA

Report | Boston Office Insight - Q4 2016

Summary

It was a healthy year for Greater Boston in 2016 with a new 3.3 million square feet of construction coming online marketwide and direct vacancy dipping below 11 percent in Q4. That's the first time it's been that low since the dot-com boom.

And as leasing activity regained its momentum, we saw a number of large deals close over the last three months, including five of more than 200,000 square feet each. 

We expect leasing activity to remain strong across a variety of sectors as we move into 2017.

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