Boston trophy office rents reach record high on law firm demand
High-quality office space rents in Greater Boston hit a two-year high in the third quarter as active law firm leasing tightened available supply.
FTMQ Real Estate, written by our newsroom0 views
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Trophy office rents in Greater Boston reached a two-year high in the third quarter of 2026, Bisnow reported, citing data from JLL. The spike in top-tier space rates comes as active law firms compete for premium space while the broader market faces declining overall asking rents. [1]
Top-tier average rents for high-rise buildings in the city rose to $105.02 per square foot during the third quarter, according to JLL data cited by Bisnow. Law firms remain among the most active tenants driving this demand, as they are willing to pay top rates to secure space in the newest and highest-quality assets. [1]
Boston is home to major national legal practices, including Nixon Peabody LLP, which maintains its headquarters in the city alongside its national and international network. Existing luxury assets are projected to maintain ongoing rent growth because no new office construction is anticipated in the region in the near term, Bisnow reported. [1][3]
In short
- Greater Boston trophy office rents reached a two-year high in the third quarter of 2026.
- Average top-tier high-rise rents reached $105.02 per square foot in the third quarter.
- Law firms are among the most active tenants driving Boston commercial lease demand.
- No new office construction is expected in Greater Boston in the near term.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Law Firms Drive Boston Office Rents To Record HighsBisnow, 3h ago (the report this story comes from)
- [2]Darsa Law Secures New Office at Jakarta Mori TowerColliers, 14h ago
Background
- [3]Nixon Peabody on Wikipedia
- [4]Australian residential rental market on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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