By Jay Fitzgerald – A blog about Boston, Hub of the Universe, and everything else.


Even after recent improvements, Boston’s office market still stinks

Boston is leading the nation in year-over-year growth of workers returning to the office, reports the BBJ’s Grant Welker, citing new data from Placer.ai.

Good news, right? Well, yes, and no. An increase is an increase. Demand is demand. But Boston’s office building “foot traffic,” which is a loose way of saying ‘occupancy’ without getting into hybrid-work complications, is still down 32 percent compared to pre-pandemic 2019. So there’s still a one-third oversupply of office buildings. 

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