Hunneman
Update
06/30/21
Hunneman Q2 2021 Boston Office Market Report
Wind is picking back up in the office market and we are no longer in the doldrums of COVID. Halfway into 2021, the Greater Boston office market has hit a turning point. Leasing activity is the highest it has been in over a year; employees are starting to come back to the office and the Commonwealth is emerging from the pandemic quickly and safely. With a strong performance from Cambridge and the suburbs, market fundamentals have significantly improved with only 110,000 square feet in negative absorption registering in the second quarter. Comparatively, this is a vast improvement from the last twelve months where over one million square feet of negative absorption occurred quarter-over-quarter.
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