As Office Market Continues To Weaken, Boston Execs ‘Very Concerned’ About City’s Future

May 18, 2023 / no comments

The problems in Boston’s office sector keep getting worse, with no clear resolution in sight.
As tenants continue to consolidate footprints in an effort to brace for more economic pain, top Boston commercial real estate executives told Bisnow they are worried about the future of the city’s office assets. And they called on local, state and federal officials to aid the situation by bringing more workers back to the office and finding solutions for the large stock of older office buildings that aren’t competitive today.
“I’m very concerned,” HYM Investments CEO Tom O’Brien, one of Boston’s largest commercial real estate owners, told Bisnow. “We’re in a very different place than we’ve…