Market Snapshot

Q4 2012 STATISTICS | OFFICE/R&D

MARKET

SQUARE FEET
(SF) SUPPLY

DIRECT SF
AVAILABLE

SUBLEASE SF
AVAILABLE

VACANCY*

Q4 2011
ABSORPTION

YTD
ABSORPTION

BOSTON

60,739,404

7,293,895

637,182

13.1%

616,698

1,487,576

Back Bay

11,981,716

944,716

184,844

9.4%

(17,576)

Financial District

33,591,139

4,785,837

312,624

15.2%

429,124

Charlestown

2,843,898

305,448

37,464

12.1%

28,693

(113,449)

Crosstown

1,025,000

42,000

4.1%

4,700

16,400

Fenway/Kenmore

1,826,057

127,311

7.0%

23,434

121,862

(387,368)
1,391,398

North Station

1,881,789

207,721

2,467

11.2%

37,595

62,221

Seaport

6,405,788

702,609

79,945

12.2%

106,392

315,365

South Station

1,184,017

178,253

19,838

16.7%

4,336

81,147

CAMBRIDGE

19,861,288

1,681,122

396,980

10.5%

88,999

475,045

2,756,411

232,851

64,365

10.8%

(3,290)

83,458

15,178,731

1,351,770

329,307

11.1%

87,954

362,153

1,926,146

96,501

3,308

5.2%

4,335

29,434

132,346,566

23,714,926

2,547,847

19.8%

83,961

868,557

Inner Suburbs

5,901,062

619,014

4,000

10.6%

196,509

325,455

Route 128 North

8,267,140

1,329,197

44,393

16.6%

(61,722)

44,857

Route 128 Northwest

22,677,559

2,951,801

465,526

15.1%

12,450

679,570

Route 128 Mass Pike

29,419,104

4,387,997

732,480

17.4%

(141,278)

(302,394)

Route 128 South

15,436,071

3,208,155

137,229

21.7%

(70,138)

(232,779)

Alewife Station/Route 2
East Cambridge
Harvard Square/Mass Ave
SUBURBS

Route 495 North

26,153,163

5,459,297

453,149

22.6%

281,515

195,715

Route 495 West

18,139,308

4,486,913

659,435

28.4%

(275,783)

193,421

Route 495 South

4,539,492

853,047

51,635

19.9%

192,500

85,743

Worcester

1,813,667

419,505

23.1%

(50,092)

(121,031)

212,947,258

32,689,943

3,582,009

17.0%

789,658

TOTAL
*Including sublease space

CONTACT:
Mary Sullivan Kelly
Senior Vice President & Chief Research Officer
DIR
+1 617 330 8059
FAX
+1 617 330 8127
mary.kelly@colliers.com

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