Office space vacancy rate in Boston Q2 2023, by district
The vacancy rate of offices in several Boston districts exceeded 20 percent in the second quarter of 2023, reflecting a lower demand compared to better performing districts, such as Fenway/Kennmore and Crosstown. The highest office vacancy rate was recorded in Allston/Brighton, where approximately 25.3 percent of offices were vacant and available for use. In Fenway/Kenmore district, the vacancy rate was six percent - the lowest in Boston and one-third of the average for the city. Black Bay, Boston's most expensive district for office leasing, had a vacancy rate of 15 percent.
