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New Report Warns Boston Office Values Could Drop 45%, Cost the City $1.7 Billion

Allwork

A new Boston Policy Institute report warns of serious challenges ahead for Boston’s commercial real estate market and city finances. Meanwhile, office vacancy rates have jumped from 8% in 2019 to 24% today. The Institute projects office values in Boston could fall 35% to 45% from 2024 levels. billion in losses over five years.

Budget 207
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US Accounting Firms Turn to India as CPA Shortage Worsens

Allwork

million people were working as accountants in the United States in 2024, about 10 percent fewer than in 2019, according to U.S. Accountancy known for long hours, lower pay than many other finance jobs, and a rule effectively requiring a fifth year in university for CPA licensing has also become unpopular with younger people.

Finance 213
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More Small Businesses Turning to Online Lenders for Financing

Small Business Labs

The Federal Reserve recently released its 2019 Small Business Credit Survey.  Small businesses seeking financing were approved at higher rates by online lenders than traditional lenders.   A key finding is the use of online lending sources by small businesses is rapidly expanding.  This is up from just 19% in 2016.

Finance 216
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Half Of Workers Expect To Work Past 70 As Financial Strain Intensifies

Allwork

Additionally, the proportion of workers who report being worse off financially than the previous year has sharply increased from 16% in 2019 to 33% in 2024. With these growing concerns about financial stability, many workers fear they won’t be able to retire comfortably.

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U.S. Office Market Struggling As Prices Fall 11% And Vacancies Hit 19.7%

Allwork

After a rocky 2024, office sale prices took another hit, dropping 11%, and have plummeted by 37% since 2019, according to Commercial Edge. This decline in new developments reflects a broader trend of shrinking office demand and increased difficulty securing financing. The total office space under construction by the end of 2024 was 50.8

2025 130
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Daring to Dream: Finding the Courage to Follow Your Own Path

Success

Judy Joo started out following her parents’ plans—spending five stressful years working in finance—before changing course: Judy was the first female Iron Chef to appear on Iron Chef U.K. , Judy’s parents, who had immigrated from Korea, saw her decision to trade finance for food as risky. Being a Woman in a Male-Dominated Industry.

Finance 306
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Office Property Values in Major Cities Face a Potential $800 Billion Decrease by 2030

Allwork

The study suggests that by 2030, the demand for office space in these cities will be 13% lower than it was in pre-pandemic 2019. How it’ll impact the future: The decrease in office space demand has resulted in shorter lease negotiations, posing challenges for property owners in securing financing.

2019 246