Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Here Today, Gone Tomorrow: The Story of Office & Lab Space

12/11/2019
In Boston and Cambridge, limited supply of office and lab space for large users continues to be a prevailing theme – along with rapidly escalating rents. In response, Cushman & Wakefield developed the BLOX (Building Lease Opportunity Index) to provide a snapshot of current and future availabilities by contiguous block size.

In markets like Greater Boston – where demand frequently outstrips supply – space is often leased without ever being marketed publicly. As of today, tenants in the market for over 100,000 square feet (sf) have no existing options in Cambridge and only seven existing options in Boston. Therefore, any space that does become available typically becomes a hot commodity.

Robust development pipelines of permitted projects in Greater Boston could mean an additional supply of more than 14 million square feet (msf) over the next five years. However, it’s a rare occasion to see projects break ground on a speculative basis – so these potential new deliveries do not guarantee an alleviation of tight conditions.

The commercial real estate landscape is changing daily and what’s here today will quite likely be gone tomorrow. This rapid pace of leasing activity means it’s important to partner with an advisor who is aware of potential off-market options.

Check out the BLOX below for a temperature gauge of availabilities in your given size range:

Building Lease Opportunity Index

 
Want more information on commercial real estate trends and Boston market information? Subscribe below:

 

Related Insights

GWS---5-Fast-Facts-St-Pete_Card-Image
Article • Office

Five Fast Office Facts St. Petersburg

What you need to know in today's St. Petersburg commercial real estate (CRE) office market.
Chris Owen • 1/18/2022
5-Fast-Facts_GWS-Graphics3 - Card Image
Article • Office

Five Fast Office Facts South Florida

What You Need to Know in Today's South Florida CRE Office Market
Chris Owen • 1/15/2022
GWS---5-Fast-Facts-Jacksonville-Card-Image
Article • Office

Five Fast Office Facts Jacksonville

What You Need to Know in Today's Jacksonville Commercial Real Estate (CRE) Office Market.
Chris Owen • 1/13/2022

Ready to talk?

Our professionals are ready to provide further details on this and many other topics.

Cushman & Wakefield uses cookies to analyze traffic and offer our customers the best experience on this website. Close this dialog to confirm your consent, or visit this page to learn more:
Cookie Notice

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
AGREE ALL
REJECT ALL
SAVE SETTINGS