Login

Dwindling Pipeline for New Offices Has a Different Look

Recent Construction Starts Are Concentrated in a Few Markets and Target Specialty Uses

Allston Labworks, part of a 585,000-square-foot mixed-use development located in Boston's Allston neighborhood, is one of several soon-to-be-completed office developments targeting biotech tenants.
Allston Labworks, part of a 585,000-square-foot mixed-use development located in Boston's Allston neighborhood, is one of several soon-to-be-completed office developments targeting biotech tenants.

The rising cost of capital and uncertain future demand have resulted in a dramatic decline in office construction activity. Furthermore, the composition of the projects that remain in the pipeline appears to be quite different from a few short years ago.

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