A series of deals with big-name office tenants helped give Boston a boost in leasing activity last quarter, but that was still overshadowed by tenant downsizing, as the market continues to face occupancy losses and rising vacancy. In the third quarter, leasing activity in Boston’s central business district increased to 1.1M SF, a jump from 500K SF in the last quarter, according to Savills. This ends a nine-month trend of declining leasing activity from the prior quarter. “The uptick in leasing activity that we saw in Q3 was a reversal for what we are seeing in the Boston CBD office market,” Savills Director of Northeast Regional Research Marisha Clinton said. 
This rising leasing activity has created some optimism as out-of-state tenants have come into the market with large leases. But third-quarter reports released over the last week still show significant challenges, as Boston's office market faces record vacancy and declining rents. Notable third-quarter deals included Deloitte’s 138K SF… Read the full story here. | 
