MARKET TRENDS
- The overall availability rate declined for the second consecutive quarter following nine straight quarters of increases, falling 20 basis points (bps) year over year for the first time since 2022
- Suburban leasing activity continues to show sustained improvement, surpassing the five-year quarterly average for the third consecutive quarter, led by Dassault Systems’ 320,000-square-foot (sf) renewal
- While asking rents remained stable year over year, stronger absorption across Route 128 submarkets led to modest rate softening as availability slightly eased
Read the full report
