2025 Market Insight Report: Downtown Boston

Downtown office vacancy pushed higher in Q4 2024, crossing the 20% threshold for the first time this cycle. The sublease market is contributing to this rise, with 505K SF of leases expiring and becoming direct vacancies in 2024. Despite the record high rate, the demand for high-rise Class A trophy space remains strong. Cresa’s 2025 Downtown Boston Market Insight Report captures the latest market data, trends, and predictions in commercial real estate. View the full report below.