Cambridge Office Figures Q2 2026

The Cambridge office market closed the second quarter of 2026 with soft fundamentals, as rising vacancy and availability underscore persistent tenant caution and limited expansion activity. Total market availability climbed to 29.2%, up from 25.0% in Q1 2026 and 25.9% one year earlier, while vacancy increased to 26.9%, a significant rise from 22.0% in the prior quarter and 21.4% in Q2 2025. Net absorption for the quarter posted a substantial loss of 520,885 sq. ft., reversing the modest 7,886 sq. ft. gain in Q1 and marking one of the weakest quarters in recent cycles.

East Cambridge continues to drive overall market performance given its tenant density and office inventory. Availability in the submarket rose sharply to 30.3%, up from 24.4% last quarter, while vacancy increased to 28.4%. Net absorption totaled negative 527,732 sq. ft., highlighting a pronounced pullback in occupancy and ongoing occupier contraction across core assets.