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Absorption of office space in Boston in 1st to 3rd quarter 2024, by district (in 1,000 square feet)

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Source

Release date

October 2024

Region

United States

Survey time period

Q1 to Q3 2024

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Absorption of office space in Boston Q1-Q3 2024, by district

Published by ÌÇÐÄÆƽâ°æ Research Department, Dec 5, 2024

Seaport was the Boston district with the highest net absorption in the office real estate sector in the first three quarters of 2024. Conversely, Downtown recorded the lowest net absorption, at negative ** square feet. A negative net absorption means that more space was vacated or supplied than absorbed. That is a sign of declining demand for offices. Across the U.S. many of the major markets were impacted by this trend.

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Market overview

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Manhattan

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Boston

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San Francisco

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Inland Empire

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Occupier market

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Investment market

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Office real estate in the U.S.Commercial real estate in the U.S.Industrial and logistics real estate in the U.S.Office real estate in ChinaHybrid work
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