The Boston-area office market saw continued struggles in 2024, with rents downtown, including Post Office Square, above, declining 1.6%.
The Boston area is beginning the new year with office vacancy rates at an all-time high of 17%, one of several data points showing how the market continues to struggle post-pandemic.
That rate is up from 15.1% a year prior, according to a new report by the real estate firm Cushman & Wakefield. Average rent rates in downtown Boston fell 1.6% last year in an area that normally commands some of the region’s highest prices for office space.
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