News
CBD Extreme
May 16, 2011
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| While the CBD has mimicked the net absorption trend in the Boston office market as a whole over the past two quarters, the magnitude as a percentage of inventory has been much greater in each direction. Occupied stock metro-wide increased by a healthy 728k SF in Q4 '10, 0.6% of inventory. Meanwhile, the CBD posted positive net absorption of 637k SF representing 1.9% of the submarket?s inventory. Yet while Q1 ?11 brought negative absorption of just 0.1% of inventory throughout Boston, the CBD experienced a decline in occupied stock of 1.0% of inventory. Although the CBD recorded strong positive absorption in Q4 '10, the submarket?s net absorption has tended to be more volatile on the downside over the past several years. The number of quarterly declines in occupied stock hasn't been materially different since Q1 ?08 (eight for the CBD vs. seven for the metro), but negative absorption represented 3.8% of inventory in the CBD vs. just a 1.5% decline metro-wide. |
