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Boston Office Construction Forecast Finds Too Little New Space Coming in 2019, Perhaps Too Much for 2022?

CoStar Market Analytics: Boston Poised for Record Low Office Completions This Year, but Massive Supply Wave Looms in Horizon
Several large office projects in the Boston metropolitan area expected to break ground will likely drive construction starts even higher, like Sanofi's 900,000-square-foot lease at Cambridge Crossing. Rendering: DivcoWest
Several large office projects in the Boston metropolitan area expected to break ground will likely drive construction starts even higher, like Sanofi's 900,000-square-foot lease at Cambridge Crossing. Rendering: DivcoWest
By Peter Conway
CoStar Analytics
February 7, 2019 | 8:57 P.M.

Companies searching for new office space in Boston could have a hard time in 2019. CoStar is predicting that only 1.2 million square feet of new office space will be added to the market in 2019 -- a 60 percent year-over-year decline and the lowest amount of new office space added in a single year since 2012.

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