It isn't looking good for Boston’s office market after the first three months of the year. With vacancy rates reaching historic highs and the market suffering from millions of square feet of occupancy losses, experts say that the damage is far from over.
Although the market has attracted new companies like Lego that favor its skilled workforce, Boston’s vacancy rate reached 18.8% in the first quarter, hitting a level similar to that experienced during the Great Financial Crisis, according to Colliers’ first-quarter office market report.The Boston metro area recorded 3.4M… Read the full story here. |