- Feb 27, 2020
Of all the factors that influence the business climate in Worcester’s Central Business District (CBD), the office space market is one of the most basic, but also one of the most important. The physical locations available are critical both in attracting and retaining employers, and in measuring the health of the CBD. This report contains an analysis of key CBD properties containing some amount of office space, with information including the total amount of office space in the building, the amount of vacant office space, the rental rate per square foot, the availability of parking and other details. The data, both aggregated and in a sample chosen by subject matter experts, paints a comprehensive picture of Worcester’s office space market, following in the footsteps of the WRRB’s Downtown Office Occupancy Report series (last published in 2011).