Q1-2018-OfficeReport

Q1

2018

CONSTRUCTION COSTS ( P E R S Q U A R E F O O T )

TOTAL CONSTRUCTION U N D E R W A Y

50K-75K SF: $120-$130 75K-150K SF: $115-$120 150K-225K SF: $100-$105 50K-75K SF: $75-$80 75K-150K SF: $70-$75 150K-225K SF: $65-$70

42% 31% 27%

BOSTON

SUBURBS CAMBRIDGE

1,200,000

Source: Dacon Construction

1,000,000

800,000

600,000

400,000

200,000

0

TALLEST PLANNED OFFICE TOWERS IN BOSTON

3,500 Preleased Available CURRENT CONSTRUCTION

3,000

2,500

2,000

1,500

1,000

500

0

1998 1999 2001 2002 2004 2005 2007 2008 2010 2011 2013 2014 2016 2017

BULFINCH CROSSING 45 FLOORS / 528 FT

SOUTH STATION TOWER 49 FLOORS / 677 FT

HARBOR GARAGE

52 FLOORS / 600 FT

WINTHROP SQUARE

53 FLOORS / 691 FT

HISTORICAL DELIVERIES

4