Boston Globe (February 2)
“More than 10 months into a pandemic that has all but emptied downtown towers, the long-term future of offices in Boston remains unclear. Vacancy rates downtown are the highest they’ve been in a decade. There’s more than 3.5 million square feet available for sublease from companies holding long-term leases on space they’ve decided they no longer need. Rents, after climbing steadily for years, are starting to fall.”
Tags: Boston, Companies, Downtown, Emptied, Future, Leases, Long term, Offices, Pandemic, Rents, Sublease, Towers, Vacancy
Reuters (July 26)
“Tokyo office rents have climbed to their highest since April 2011 as the economy gathers steam and demand for office space increases. But property analysts say the growth in rents is small and will be capped by imminent launches of new office towers.”
