With nearly 13 million square feet of active office construction, Greater Boston has the largest office development pipeline among all major U.S. markets. The influx of new supply will coincide with a period of faltering office demand, as absorption, the net change in occupancy over a given time, has reached a record low.
In a mismatch with struggling demand, Boston leads US in office construction
New office deliveries compound concerns over vacancy which has more than doubled over past five years
CoStar Analytics
November 26, 2024 | 8:38 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- One Congress
1 Congress St, Boston, MA