Timothy Bird+FollowBoston’s office spaces: A new normal?Boston’s office market is showing some real signs of life, but vacancies are still way above what we saw before the pandemic. Cambridge, once the hotbed for life sciences and tech, now has a staggering 25% vacancy rate—five times higher than before COVID. While new leasing is up over 70% from last year and some big new towers are finally filling up, there’s still fierce competition for tenants and lots of empty space, especially in those shiny new labs. Is this just the new normal for Boston, or will things bounce back? How’s your workplace handling the return-to-office shift? #Business #Boston #OfficeSpace00Share
