Q1-2018-OfficeReport

B O S T O N

H I G H L I G H T S

KEY: UNDER CONSTRUCTION & PROPOSED DEVELOPMENT

440,000+ SF

1. RISING LABOR AND MATERIAL COSTS CONTINUE TO DRIVE UP THE PRICE TO BUILD OFFICE SPACE IN GREATER BOSTON. 2. A MAJORITY OF OFFICE INVENTORY CURRENTLY UNDERWAY IN THIS MARKET HAS BEEN PRELEASED. 3. MORE SUBURBAN BUILD-TO-SUITS ARE ON THE WAY, AND A HANDFUL OF MAJOR DOWNTOWN PROJECTS, INCLUDING WINTHROP SQUARE AND THE GLOBE SITE REDEVELOPMENT, WILL LIKELY KICK OFF THIS YEAR.

120,000 - 190,000 SF

190,000 - 310,000 SF

310,000 – 440,000 SF LESS THAN 120,000 SF

5