Boston鈥檚 premier tenant-focused commercial real estate firm,听, announced today the release of its annual,
The annual听Market听Insight Reports听reflect the vast in-house expertise of听Cresa鈥檚 leadership, real estate advisory,听and research teams听while听providing听a roadmap for where the commercial real estate sector is headed in the coming months.听Key highlights include the following:
- While inventory remains high,听听space is enjoying continued demand as more companies make the jump to higher-quality environs as hybrid work arrangements stabilize.听
- 听inventory remains stubbornly high and is expected to persist as the prevalence of tech company occupiers is more likely than other industries to resist return-to-office trends and continue to downsize space.
- Tenants seeking cutting-edge听听can expect听favorable conditions to听continue as inventory continues to grow and future inventory stacks up in development pipelines.听
- Expect to see another strong phase for听, as demand remains high and inventory tight; both tenants and landlords will see ongoing opportunities in this dynamic听market.听
鈥淎s we see some stability coming back to area workplaces with significant national employers publicly announcing requirements for four to five days in the office, we anticipate the lackluster occupancy and demand cycle within which we have been stuck the last 24 months may start to change as 2025 unfolds.听That said, today鈥檚 reality reflects lingering changes in behavior听post-Covid,听and we anticipate a buyer鈥檚听market听for the foreseeable future,鈥澨齭aid听, Managing Principal,听Cresa. 鈥淲ith new opportunities to secure Class A听downtown space at favorable terms for occupiers, the shift towards these desirable mid-听and听high-rise properties will听continue, while other听markets听like Cambridge and the Life Sciences听industry remain听dependent听on improved capital听markets听and investment cycles to rebound.鈥�
See the reports below for insights into specific听markets:
For more information or to arrange an interview with Cresa鈥檚 research and leadership teams, please contact:
About Cresa
Cresa听is the world’s only global commercial real estate advisory firm that exclusively represents occupiers and specializes in the delivery of fully integrated real estate solutions. Our purpose is to think beyond space, strengthening those we serve and enhancing the quality of life for our clients. Delivered across every industry,听Cresa’s services include Transaction Management, Workplace Solutions, Project Management, Consulting, Lease Administration, Technology, Investment Banking & Capital听Markets, and Portfolio Solutions. In partnership with London-based Knight Frank,听Cresa听provides service through 16,000听team members听across 380 offices in 51 territories. For more information, please visit听.听
