Office space vacancy rate in Boston Q3 2024, by district
The vacancy rate of offices in several Boston districts exceeded 20 percent in the third quarter of 2024, reflecting a lower demand compared to better performing districts, such as Fenway/Kennmore and Seaport. The highest office vacancy rate was recorded in North Station, where approximately 33.3 percent of offices were vacant and available for use. In Fenway/Kenmore district, the vacancy rate was 8.6 percent - the lowest in Boston. Black Bay, Boston's most expensive district for office leasing, had a vacancy rate of 18 percent.
