Cambridge Office Market Hit Hard By Tech Firms Giving Back Space

Cambridge has long been a national 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 .
This demand drop came as tech employees shifted to remote and work schedules, leading their companies to shrink office footprints and put 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