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SUBURBAN OFFICE / R&D MARKET STATISTICS Q1 2016

Total Inventory

(Sq. Feet)

Direct Available

(Sq. Feet)

Sublease

 Avail able (Sq .

Feet)

Total Available

(Sq. Feet) # of Buildings

Direct

Percent

 Avail able

Q4 2015

Overall

Percent

 Avail able

Q4 2015

Direct

Percent

 Avail able

Q1 2016

Overall

Percent

 Avail able

Q1 2016

Net Absorption

YTD '16

Construction

Completions YTD

'16

Total Vacant

Q1 2016

Percent Vacant

Q1 2016

Direct

Weighted Avg.

Rent ($/SF)

Direct

Rental

Range

($/SF)

Brockton   Office   40,000 0 0 0 1 0.0% 0.0%   0.0% 0.0% 0 0   0   0.0% N/A N/A - N/A

R&D   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A   0   N/A N/A N/A N/A - N/A

Overall: 40,000 0 0 0 1 0.0% 0.0% 0.0% 0.0% 0 0 0 0.0%

Hingham   Office   245,230 18,701 6,398 25,099 7 8.9% 8.9%   7.6% 10.2% (3,337) 0   13,350   5.4% $26.81 $19.00 - $30.00

R&D   105,600 9,441 0 9,441 1 8.9% 8.9%   8.9% 8.9% 0 0   9,441   8.9% $14.50 $14.50 - $14.50

Overall 350,830 28,142 6,398 34,540 8 7.1% 8.9% 8.0% 9.8% (3,337) 0 22,791 6.5%

Norwell   Office   441,964 93,635 9,318 102,953 8 24.0% 24.0%   21.2% 23.3% 3,202 0   73,635   16.7% $19.62 $18.00 - $22.00

R&D   166,500 26,200 0 26,200 3 13.0% 13.0%   15.7% 15.7% (4,500) 0   11,200   6.7% $9.00 $9.00 - $9.00

Overall 608,464 119,835 9,318 129,153 11 19.0% 21.0% 19.7% 21.2% (1,298) 0 84,835 13.9%

Pembroke   Office   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A   0   N/A N/A N/A N/A - N/A

R&D   50,000 4,200 0 4,200 1 8.4% 8.4%   8.4% 8.4% 0 0   4,200   8.4% N/A N/A - N/A

Overall 50,000 4,200 0 4,200 1 8.4% 8.4% 8.4% 8.4% 0 0 4,200 8.4%

Rockland   Office   417,978 57,941 224 58,165 6 13.3% 13.3%   13.9% 13.9% (2,405) 0   38,936   9.3% $20.08 $16.00 - $21.00

R&D   125,366 0 0 0 1 0.0% 0.0%   0.0% 0.0% 0 0   0   0.0% N/A N/A - N/AOverall 543,344 57,941 224 58,165 7 10.2% 10.3% 10.7% 10.7% (2,405) 0 38,936 7.2%

Weymouth   Office   230,000 29,126 0 29,126 3 10.7% 10.7%   12.7% 12.7% (4,421) 0   29,126   12.7% $20.28 $19.00 - $21.00

R&D   79,926 0 0 0 1 0.0% 0.0%   0.0% 0.0% 0 0   0   0.0% N/A N/A - N/A

Overall 309,926 29,126 0 29,126 4 8.0% 8.0% 9.4% 9.4% (4,421) 0 29,126 9.4%

TOTAL Office: 1,375,172 199,403 15,940 215,343 25 13.8% 15.2% 14.5% 15.7% (6,961) 0 155,047 11.3% $20.29 $16.00 - $30.00

  R&D: 527,392 39,841 0 39,841 7 6.7% 6.7% 7.6% 7.6% (4,500) 0 24,841 4.7% $11.94 $9.00 - $14.50

Overall: 1,902,564 239,244 15,940 255,184 32 11.8% 12.8% 12.6% 13.4% (11,461) 0 179,888 9.5%

ROUTE 3/24 SOUTH

2016 Cushman & Wakefield All rights reserved.

8/19/2019 ALL_Q1_2016

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SUBURBAN OFFICE / R&D MARKET STATISTICS Q1 2016

Total Inventory

(Sq. Feet)

Direct Available

(Sq. Feet)

Sublease

 Avail able (Sq .

Feet)

Total Available

(Sq. Feet) # of Buildings

Direct

Percent

 Avail able

Q4 2015

Overall

Percent

 Avail able

Q4 2015

Direct

Percent

 Avail able

Q1 2016

Overall

Percent

 Avail able

Q1 2016

Net Absorption

YTD '16

Construction

Completions YTD

'16

Total Vacant

Q1 2016

Percent Vacant

Q1 2016

Direct

Weighted Avg.

Rent ($/SF)

Direct

Rental

Range

($/SF)

Bridgewater    Office   77,000 0 0 0 1 0.0% 0.0%   0.0% 0.0% 0 0   0   0.0% N/A N/A - N/A

R&D   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A   0   N/A N/A N/A N/A - N/A

Overall 77,000 0 0 0 1 0.0% 0.0% 0.0% 0.0% 0 0 0 0.0%

Foxborough   Office   739,631 256,592 12,919 269,511 8 35.5% 35.5%   34.7% 36.4% (6,877) 0   246,353   33.3% $18.79 $18.00 - $22.00

R&D   141,105 27,984 0 27,984 2 10.9% 10.9%   19.8% 19.8% (12,606) 0   0   0.0% N/A N/A - N/A

Overall 880,736 284,576 12,919 297,495 10 31.6% 31.6% 32.3% 33.8% (19,483) 0 246,353 28.0%

Franklin   Office   111,061 33,470 0 33,470 1 40.5% 40.5%   30.1% 30.1% 11,530 0   30,761   27.7% $17.50 $17.50 - $17.50

R&D   480,313 19,933 0 19,933 7 5.4% 6.6%   4.2% 4.2% 11,897 0   19,933   4.2% $6.75 $6.75 - $6.75

Overall 591,374 53,403 0 53,403 8 12.0% 13.0% 9.0% 9.0% 23,427 0 50,694 8.6%

Mansfield   Office   617,640 52,866 93,353 146,219 8 9.6% 9.6%   8.6% 23.7% (86,821) 0   34,045   5.5% $18.31 $16.00 - $19.50

R&D   673,393 110,921 0 110,921 13 15.2% 15.2%   16.5% 16.5% (8,320) 0   53,427   7.9% $9.35 $8.00 - $10.50

Overall 1,291,033 163,787 93,353 257,140 21 11.9% 12.5% 12.7% 19.9% (95,141) 0 87,472 6.8%

Milford   Office   90,800 3,063 0 3,063 2 4.7% 4.7%   3.4% 3.4% 1,200 0   0   0.0% N/A N/A - N/A

R&D   435,988 45,899 0 45,899 6 10.5% 10.5%   10.5% 10.5% 0 0   39,536   9.1% $9.50 $9.50 - $9.50Overall 526,788 48,962 0 48,962 8 9.5% 9.5% 9.3% 9.3% 1,200 0 39,536 7.5%

Norton   Office   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A   0   N/A N/A N/A N/A - N/A

R&D   127,200 8,244 0 8,244 2 6.5% 6.5%   6.5% 6.5% 0 0   8,244   6.5% N/A N/A - N/A

Overall 127,200 8,244 0 8,244 2 6.5% 6.5% 6.5% 6.5% 0 0 8,244 6.5%

Raynham   Office   27,300 16,416 0 16,416 1 51.4% 51.4%   60.1% 60.1% (2,377) 0   7,416   27.2% $21.75 $21.75 - $21.75

R&D   50,000 0 0 0 1 0.0% 0.0%   0.0% 0.0% 0 0   0   0.0% N/A N/A - N/A

Overall 77,300 16,416 0 16,416 2 18.2% 18.2% 21.2% 21.2% (2,377) 0 7,416 9.6%

Taunton   Office   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A   0   N/A N/A N/A N/A - N/A

R&D   473,000 24,745 0 24,745 3 5.2% 5.2%   5.2% 5.2% 0 0   24,745   5.2% N/A N/A - N/A

Overall 473,000 24,745 0 24,745 3 5.2% 5.2% 5.2% 5.2% 0 0 24,745 5.2%

TOTAL Office: 1,663,432 362,407 106,272 468,679 21 22.7% 23.2% 21.8% 28.2% (83,345) 0 318,575 19.2% $18.74 $16.00 - $22.00

R&D: 2,380,999 237,726 0 237,726 34 9.4% 9.6% 10.0% 10.0% (9,029) 0 145,885 6.1% $9.17 $6.75 - $10.50

Overall: 4,044,431 600,133 106,272 706,405 55 14.8% 15.2% 14.8% 17.5% (92,374) 0 464,460 11.5%

ROUTE 495 SOUTH

2016 Cushman & Wakefield All rights reserved.

8/19/2019 ALL_Q1_2016

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