Boston is heavily dependent on its office buildings, with property taxes from the sector generating more than one-fifth of the city’s total revenues this year. As those buildings decline in value and show signs of distress, they could endanger Boston's fiscal health. 
The city’s office vacancy rate has reached its highest level in more than a decade as tenants continue to give back space, and high interest rates and frozen credit markets have made it harder for struggling owners to avoid foreclosure. Real estate leaders and appraisal experts told Bisnow they expect a significant…  Read the full story here. | 
