Rents in Downtown Boston typically bottom out 2-3 years after recessions

  • After recessions, rents in Downtown Boston typically reach a nadir 2-3 years later. Similarly, following the onset of Covid, we observed a comparable trend with Class B rents. 
  • In contrast, Class A rents have remained relatively stable since the pandemic began. Despite increasing vacancies, these asset classes have exhibited resilience in the face of current market conditions. 
  • Class B rents have experienced the most significant decline in rental prices since Covid, potentially prompting heightened leasing activity in these properties as tenants capitalize on discounted rates.


Source: AVANT by Avison Young, CoStar

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