To end the year, the Greater Boston suburban office market recorded 203,490 sq. ft. of positive absorption, with considerable growth in the Metro West and South markets. It also signals the second consecutive quarter of positive absorption for the suburban market.
While year-to-date absorption remained relatively flat, there is demand for quality space throughout all Greater Boston suburban submarkets
As prices in both Cambridge and Boston reach record highs, migration into urban submarkets slowed, and landlords are renovating old assets into modern, Class A buildings with urban amenities.