Chart of the week

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These nine deals alone account for 700,000 square feet of new leases . This improves the Boston skyline vacancy by 300 basis points.

Overall the skyline average asking rent in the Financial District currently stands at $48.50 psf, up by 3.5 percent compared to last spring.

The low-rise portion saw a mere 1.4 percent increase in asking rents, We expect, however, strong rent growth in the near term as the market responds to major recent transactions.

Strong leasing activity speaks to the CBD’s growing appeal to a mix of tenants alongside retail and residential developments.


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