Construction crews topped off the 43-story One Congress tower at Boston’s Government Center as a brokerage report detailed signs of a recovery in the city’s office market including an uptick in asking rents.
Daily occupancy at downtown Boston office buildings increased to approximately 11 percent at the end of March as companies resumed a modicum of normalcy amid the vaccine rollout.
Landlords of second-tier office buildings in Boston have begun reducing asking rents amid a pandemic-induced decline in occupancy, and a brokerage report predicts their class A counterparts are likely to follow suit this year.
