MARKET TRENDS

• The overall availability rate continues to rise, increasing 140 basis points (bps) year over year amid tepid leasing activity.
• Cambridge office asking rents remained relatively stable at $79.32 per square foot (psf), though Class A asking rents declined 5.0% year over year due to a limited pool of tenants.
• Inventory continues to stabilize as limited deliveries keep total supply relatively unchanged, though the market has yet to meaningfully absorb the existing available space.

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