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Cambridge Q1 2026 Office Market Report

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MARKET TRENDS

  • The overall availability rate continues to rise, increasing 280 basis points (bps) year over year amid persistently muted leasing activity.
  • Asking rents declined 0.8% year over year, though elevated concession packages further underscore underlying market softness as landlords compete for scarce demand.
  • Ongoing space give-backs, coupled with limited new tenant demand, continue to suppress quarterly leasing activity and elevate sublease inventory.

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