Q2-2018-BiotechReport

Q2

M E T R O

B O S T O N

BIOTECH RE CAP

2018

Q2 NET ABSORPTION (SF)

YTD NET ABSORPTION (SF)

TOTAL INVENTORY (SF)

UNDER CONSTRUCTION (SF)

DIRECT VACANT (SF)

SUBLEASE VACANT (SF)

TOTAL VACANCY RATE

BOSTON TOTAL

5,773,263

125,000

120,669

35,034

2.7%

195,624

282,003

East Cambridge

9,911,857

764,000

33,702

30,412

0.6%

400,527

385,439

Mid Cambridge

5,260,009

-

-

25,000

0.5%

3,019

22,424

West Cambridge

787,860

226,885

49,780

6,009

7.1%

16,843

16,843

CAMBRIDGE TOTAL

15,959,726

990,885

83,482

61,421

0.9%

420,389

424,706

Route 128 North

1,220,676

-

22,973

16,149

3.2%

3,809

42,735

Route 128 Northwest

2,261,210

-

181,990

18,859

8.9%

(9,102)

(9,102)

Route 128 West

2,123,558

144,910

87,773

6,000

4.4%

111,601

96,326

Route 495 North

849,329

-

175,702

-

20.7%

(55,000)

(147,093)

South

276,159

-

3,757

-

1.4%

(3,757)

(3,757)

West

978,688

-

64,127

62,014

12.9%

18,742

269,555

SUBURBAN TOTAL

7,709,620

144,910

536,322

103,022

8.3%

66,293

248,664

MARKET TOTAL

29,442,609

1,260,795

740,473

199,477

3.2%

682,306

955,373

METHODOLOGY SOURCE: Co-Star, NAI Hunneman Commercial Company. PREPARED: June 2018.

DISCLAIMER: The above data is from sources deemed to be generally reliable, but no warranty is made as to the accuracy of the data nor its usefulness for any particular purpose. Average Rental Rates are asking rents on direct space. Vacant space includes both direct and sublease space.

LIZ BERTHELETTE | Director of Research 617.457.3306 | lberthelette@naihunneman.com