Figures

Boston Suburban Office Figures Q2 2025

July 10, 2025 4 Minute Read

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·The Suburban Boston office market showed a significant increase of about 521,000 sq. ft. q-o-q in overall leasing activity, with 1,829,880 sq. ft leased.
·Renewals and subleases continue to dominate leasing activity: renewals made up 435,226 sq. ft, compared to 220,073 sq. ft. of renewals signed last quarter. Sublease activity increased 160,000 sq. ft. q-o-q to 280,525 sq. ft. in Q2 2025.
·There were two deals over 100,000 sq. ft: Anduril signing for 163,000 sq. ft. at 1050 Winter Street in Waltham, and Rockland Trust leasing 140,000 sq. ft. at One Technology Place in Rockland.
·Approximately 72.6% of the leases signed this quarter occurred in Class A properties, up from last quarter’s 67.6%.
·Tenant demand in the second quarter of 2025 was 3,196,500 sq. ft., slightly less than last quarter’s 3,241,000 sq. ft.