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Rebecca Herbst
Research Analyst
rebecca.herbst@am.jll.com

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Recently viewed:
Key market indicators 12 month forecast
Supply Supply 17,656,047sf up
Vacancy rate 13.1% level
Availability rate 16.8% down
Under construction
(% preleased)
0.2 msf (100%) level
Demand Total required s.f. 2,162,000sf level
YTD net absorption 263,791 sf up
Pricing 12-month overall rent
% change
4.8% up
Overall office asking rent $34.33 psf up
Overall lab asking rent $51.70 psf up

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Cambridge Office - Q4 2011 
Cambridge Laboratory - Q4 2011

 Market description


Home to Harvard University and the Massachusetts Institute of Technology, Cambridge sits directly across the Charles River from downtown Boston and serves as the core of Greater Boston’s reputation as an intellectual powerhouse. These academic institutions, and the many research institutions that surround them, fuel the Massachusetts innovation economy and spawn Nobel Prize winners, high technology start-ups, and life science companies at an amazing rate. Cambridge may well be the most prominent life science market in the world, with local companies including Biogen, Millennium Pharmaceuticals, and Genzyme, as well as International firms such as Novartis occupying large facilities. Established technology firms, as well as venture capital, consulting, and a diverse array of other service firms also call Cambridge home to gain access to Cambridge’s highly educated workforce and unique urban culture. Submarkets within Cambridge are East Cambridge, the largest, Harvard Square, a niche but very desirable cluster around Harvard University, and Alewife Station/Route 2, which has developed around the Red Line MBTA station in West Cambridge. 

 

 

 

 Leasing contacts


Pete Bekarian

Senior Vice President
+1 617 531 4195
Peter.Bekarian@am.jll.com  

John Osten
Senior Vice President
+1 617 531 4107
John.Osten@am.jll.com  

Daniel R. Kollar
Vice President 
+1 617 531 4145
Daniel.Kollar@am.jll.com  

Molly Heath
Assistant Vice President
+1 617 316 6489
molly.heath@am.jll.com  

 

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