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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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