Credit Crisis Affects Boston Commercial Real Estate Market

BOSTON--The credit crisis is affecting the Boston commercial real estate market, which is expected to be in a holding pattern for the rest of the year, according to a report from CRESA Partners. The overall vacancy rate is the lowest in more than five years, and the upheaval in the debt markets has virtually shut down the investment sales market.



Here are some other highlights from the report:



Demand for Class A and quality B office space has slowed due to the continued economic disorder and high asking rents.