Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Two local companies shut their doors as the overall office vacancy rate continues to rise with the most recent numbers hitting 11% in the city’s central business district and 17% in Cambridge and the inner suburbs.

Edelman Public Relations, a Chicago-based firm, is closing its offices here, reportedly in an effort to reduce costs. The company, which has 14 offices, is also closing its Austin, Texas branch. The office here focused on clients in the financial services and technology industries.

Aztec Technology Partners Inc., which was headquartered in Braintree, MA closed its offices and laid off all of its 535 employees after the U.S. Bankruptcy Court for the District of Massachusetts refused its request to use cash collateral to continue its operations and to pay employees. The company also closed its four subsidiary companies.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.