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Boston Leads US in Office Space Under Construction

The U.S. office market is experiencing changes in construction activity, with around 97 million square feet of office space in development, marking a 28% drop from the previous year, according to CommercialCafe’s office pipeline report.  

Boston stands out in both construction volume and the share of new office developments, driven by demand for life science spaces. Manhattan has a more modest pipeline in 2024, while San Francisco, Seattle, and San Diego are witnessing increases in development volumes. Notably, Boston, San Diego, and Austin are expected to increase their office stock by more than 5%.  

With approximately 14.6 million square feet under construction, Boston, driven by the demand for life science spaces, is anticipated to deliver more than twice the volume of the second-ranking San Francisco, which has 7 million square feet in development. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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