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.
WATCH ANYTIME FOR FREE
 |
Stream NBC10 Boston news for free, 24/7, wherever you are. |
More on this story from Boston Business Journal
Get updates on what's happening in Boston to your inbox. Sign up for our News Headlines newsletter.
Copyright Boston Business Journal
