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 495/Mass Pike  

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Rebecca Herbst
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rebecca.herbst@am.jll.com

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Recently viewed:
Key market indicators 12 month forecast
Supply Supply 11,207,400 sf level
Vacancy rate 20.7% level
Availability rate 25.3% level
Under construction
(% preleased)
0 msf (0%) level
Demand Total suburban required s.f. 4,301,800 sf up
YTD net absorption (76,785) sf level
Pricing 12-month overall rent % change 0.0% level
Class A overall asking rent $17.63 psf level
Class B overall asking rent $15.17 psf level

 Featured report


Report cover

495/North Submarket Report - Q3 2011
Boston Submarket Reports provide in-depth analysis and commentary on the major submarkets in the Greater Boston area.

View report

 Market description


The 495/North submarket extends along Route 495 north and northwest of Boston and includes the towns of Haverhill, Lawrence, Methuen, North Andover, Andover, Tyngsborough, Lowell, Tewksbury, Chelmsford, Westford, Littleton, Boxborough, Acton and Maynard. The submarket has long been home to many telecom and high technology companies and boasts an attractive and highly skilled labor force for that sector. In addition, the market’s proximity to Southern New Hampshire offers employees and employers additional labor and job options. Among the technology companies that anchor the 495/North office market are IBM, Lucent Technologies, Cisco Systems, Sonus Networks and Kronos Incorporated.

 


 

 

 

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Tamie Thompson
Managing Director 
+1 617 531 4112
Tamie.Thompson@am.jll.com  

Brooks Murphy
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Peter Richardson
Senior Vice President
+1 617 531 4173
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+1 617 316 6487
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