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Cambridge Office Figures Q1 2023

April 6, 2023 10 Minute Read

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Conditions have softened across the Cambridge office market, a trend that started in 2021. An increase in sublease space across the city drove absorption negative by 212,000 sq. ft. and the sublease rate has reached a 20-year high. The return to office for tech centric firms hasn’t materialized which is causing tenants to reevaluate their office needs as they attempt to figure out what their office presence looks like moving forward. Current economic headwinds haven’t helped the weakened fundaments in Cambridge.