Costs Weigh on Boston Office Leasing Decisions
Higher construction costs associated with buildouts of new offices are pushing tenants towards lease renewals, rather than relocations, a new brokerage report says.
Boston Office Vacancy Rate Drops to 21.2 Percent
Office vacancies in Boston dropped for the fourth consecutive quarter, but the pace of leasing activity declined amid economic uncertainties.
An Office Titan Faces a Philosophical Question
Boston Properties, our hometown real estate giant, recently found itself confronted with a question that would have been unthinkable before the watershed year of 2020.
Boston Office Loans Among Nation’s Riskiest
Greater Boston has the fourth riskiest loans on office properties among major U.S. metros, with nearly 30 percent falling into a category with elevated risk of default.
Some Boston Office Rents Start to Dip
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.
