A new study from Transwestern | RBJ reports that the greater Boston office market closed the fourth-quarter of 2015 with 1.4 million square feet of positive absorption, marking the 11th consecutive quarter of growth. With 3.9 million square feet of take up, during the year, 2015 marked one of the area’s strongest years since 2006. Market-wide, vacancy averaged 12.2 percent for 2015, the lowest annual average since 2002 while Class A asking lease rates topped $42 per square foot for the first time since 2002. Boston’s Central Business District had 502,000 square feet of positive net absorption for the fourth quarter and totaled 1.58 million square feet for the year, the highest annual total since 2006.
