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Suburban Boston Q2 2025 Office Market Report
"The overall availability rate rose steadily for the eighth consecutive quarter, increasing 190 basis points (bps) year over year, as more direct space is listed on the market"
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"The overall availability rate rose steadily for the eighth consecutive quarter, increasing 190 basis points (bps) year over year, as more direct space is listed on the market"
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"Demand continues to concentrate in high-quality Class A buildings, especially in suburban areas, as tenants prioritize premium assets with modern amenities and efficiency"
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"Overall availability rate rose for the fourteenth consecutive quarter increasing 370 basis points (bps) year over year, a deceleration from the 540 bps increase one year prior"

"At roughly 675,000 square feet (sf), leasing volume improved from the previous quarter and reached its highest total since Q2 2024"
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"Availability tightened to 22.5%, down 130 basis points (bps) quarter over quarter due to strong leasing activity and strong tenant demand"
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"The Palm Beach office market is experiencing robust development activity, with nearly 1.3 million square feet under construction"
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"Leasing activity of 1.5 million square feet (msf) in Q2 2025 was above the 5-year quarterly average and is expected to remain steady this year as the overall economy grows"
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"Leasing reached 0.7 million square feet (msf) in Q2, above the 0.5 msffive-year average, with Southeast and Utah County North driving 63.9% of activity as sublease momentum holds"
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"Austin office leasing maintains momentum seeing increase in the first half of 2025"
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"Office market recovery continues despite slowing job growth"