MARKET TRENDS

• Overall availability rate rose for the fourteenth consecutive quarter increasing 370 basis points (bps) year over year, a deceleration from the 540 bps increase one year prior
• Overall asking rental rates have declined by 4.3% in correlation with ongoing subdued office demand in Cambridge, particularly amongst net new requirements
• Q2 leasing activity totaled 187,930 square feet (sf), slightly surpassing the 5-year quarterly average, largely due to Forrester Research’s 118,000-sf renewal and contraction

Read the full report