Boston’s office market performed poorly in the third quarter, with vacancy reaching a new pandemic-era high as tenants continue to downsize. The city's economy has remained healthy, with strong job gains and billions of dollars of venture capital flowing to startups, but that isn't translating into growth for Boston’s office market. Despite a series of headline-grabbing leases, the market recorded negative net absorption in the hundreds of thousands of square feet, according to new quarterly reports from Colliers, Newmark and JLL. Office market experts told Bisnow that heightened remote work trends and macroeconomic pressures like inflation and interest rates have prevented many Boston office tenants from signing deals to expand their footprints. 
“Given the uncertainty that's still lingering from the pandemic, and now with these recessionary concerns, a lot of corporations are still taking a bit of a wait-and-see approach in their real estate decisions,” Newmark Boston Director of Research Elizabeth Berthelette said.“That's sort of where you're…  Read the full story here. | 
