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Office Insight

United States | Boston, MA

Report | Boston Office Insight - Q2 2017

Summary

​Greater Boston vacancy rates are now hovering near historic lows with the tightest submarket, Cambridge, sitting at just 6.2%. Rent growth continues its slow, but steady climb of 2.8% since the start of the year, though owner concessions are also on the rise.

Even as traditional industries see an uptick in demand, technology firms continue to be the strongest driver of leasing activity. Tech accounted for 25% of leasing activity in Q2..

Expect the Greater Boston office market's dynamics to remain landlord-favorable in the near-term with deliveries limited and demand steady.

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