Cambridge has long been a national tech hub, but over the last year, the technology industry has become a drag on its office market. Office demand from tech companies in Cambridge contracted by more than 85% from 2019 to the end of last year, according to CBRE's fourth-quarter Cambridge office report. This demand drop came as tech employees shifted to remote and hybrid work schedules, leading their companies to shrink office footprints and put space on the market for sublease. As of year's end, 9.1% of Cambridge's 12.5M SF of office space was listed as available for sublease, the highest rate of any Greater Boston submarket, CBRE found. 
"Cambridge office market has been slow," Cushman & Wakefield Vice Chair Connor Barnes said. "It's one of the highest availability rates in the last decade. And part of that is certainly the way people are using the office post-Covid. Part of it is the shrinking of the office market." Cambridge office… Read the full story here. | 
