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Boston's No Good, Very Bad First Quarter

Office Move-Outs, Give-Backs and New Builds Result in Unprecedented Amounts of Available Space

The enormity of the challenges facing Boston’s regional office market is difficult to grasp, but a local comparison may help. Following an unprecedented downturn in demand during the first quarter of 2023, Boston now has the equivalent of the entire office inventory in Providence, Rhode Island, available for lease.

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