Figures

Downtown Boston Office Figures Q1 2026

April 9, 2026 5 Minute Read

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The Downtown Boston office market showed improved leasing fundamentals at the start of 2026 compared to the start of the previous year despite negative absorption, decreased leasing velocity and increased availability. Tenant demand sat at 4.3 million sq. ft. in Q1 2026, higher by 75,000 sq. ft. than the Q4 2025 total and 260,000 sq. ft. higher than the Q1 2025 total. Net absorption remained negative at -88,748 sq. ft. in Q1 2026, and leasing velocity decreased by 784,953 sq. ft. quarter-over-quarter to 1.19 million sq. ft. leased.