Absorption of office space in Boston Q1-Q3 2024, by district

Published by Statista Research Department, Dec 5, 2024

Seaport was the Boston district with the highest net absorption in the office real estate sector in the first three quarters of 2024. Conversely, Downtown recorded the lowest net absorption, at negative 459,410 square feet. A negative net absorption means that more space was vacated or supplied than absorbed. That is a sign of declining demand for offices. Across the U.S. many of the major markets were impacted by this trend.

Absorption of office space in Boston in 1st to 3rd quarter 2024, by district (in 1,000 square feet)

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Release date

October 2024

Region

United States

Survey time period

Q1 to Q3 2024

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