Cambridge has long been a national tech hub, but over the last year, the technology industry has become a drag on its office market.
Office demand from tech companies in Cambridge contracted by more than 85% from 2019 to the end of last year, according to CBRE’s fourth-quarter Cambridge office report.
This demand drop came as tech employees shifted to remote and hybrid work schedules, leading their companies to shrink office footprints and put space on the market for sublease. As of year’s end, 9.1% of Cambridge’s 12.5M SF of office space was listed as available for sublease, the highest rate of any Greater Boston…
Source: Cambridge Office Market Hit Hard By Tech Firms Giving Back Space
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- Source: https://spacfeed.com/cambridge-office-market-hit-hard-by-tech-firms-giving-back-space
