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Newmark reports that Boston’s office-building vacancy rate hit 22.1 percent in the first quarter, a new record high and the 13^th consecutive week of rising office vacancy in the city. Newmark did note the market seems to be stabilizing a bit, amid increasing tenant activity, declining sublease space, growing investor interest etc. … But BisNow reports two big office projects with a combined 900K sf – the Hines tower at South Station and 10 Word Trade – are scheduled to finish this year and “both remain mostly empty — threatening to increase the city’s already historically high vacancy rate.” … 

Newmark report via the incomparable Contrarian Boston.

Update — 2.24.25 — Actually, I’m kind of surprised it went for as much as it did. Anyway, from the Globe: “Another downtown office tower, at 99 High Street, just sold at a deep discount.”