Market Snapshot

Q3 2012 STATISTICS | OFFICE/R&D

MARKET

SQUARE FEET
(SF) SUPPLY

DIRECT SF
AVAILABLE

SUBLEASE SF
AVAILABLE

VACANCY*

Q3 2012
ABSORPTION

YTD
ABSORPTION

BOSTON

60,869,797

7,928,481

637,408

14.1%

204,843

893,488

Back Bay

11,981,716

946,812

136,320

9.0%

(370,713)

(340,940)

Financial District

33,691,611

5,219,194

355,357

16.5%

586,199

956,032

Charlestown

2,886,860

344,780

26,825

12.9%

(93,828)

(142,142)

Crosstown

1,025,000

44,400

2,300

4.6%

(2,300)

11,700

Fenway/Kenmore

1,826,057

148,795

1,950

8.3%

15,662

98,428

North Station

1,881,789

234,307

13,476

13.2%

30,553

24,626

Seaport

6,392,747

802,555

86,391

13.9%

39,198

208,973

South Station

1,184,017

187,638

14,789

17.1%

72

76,811

CAMBRIDGE

19,732,414

1,727,570

310,657

10.3%

156,823

386,046

2,756,411

244,751

49,175

10.7%

67,135

86,748

15,049,857

1,387,075

253,082

10.9%

102,331

274,199

1,926,146

95,744

8,400

5.4%

(12,643)

25,099

131,411,475

22,775,259

2,736,940

19.4%

(493,612)

1,110,549

Inner Suburbs

5,905,228

765,754

53,769

13.9%

6,039

128,946

Route 128 North

8,309,485

1,259,885

51,983

15.8%

11,384

106,579

Route 128 Northwest

22,604,952

2,864,519

467,162

14.7%

209,836

667,120

Route 128 Mass Pike

28,592,670

4,055,581

743,638

16.8%

(457,895)

(137,023)

Route 128 South

15,709,411

3,128,539

193,812

21.1%

46,040

(183,641)

Route 495 North

25,799,262

5,138,116

516,380

21.9%

(160,401)

151,961

Route 495 West

18,137,308

4,147,905

658,561

26.5%

(61,915)

554,303

Route 495 South

4,539,492

1,045,547

51,635

24.2%

(41,868)

(106,757)

Worcester

1,813,667

369,413

20.4%

(44,832)

(70,939)

212,013,686

32,431,310

3,685,005

17.0%

(131,946)

Alewife Station/Route 2
East Cambridge
Harvard Square/Mass Ave

SUBURBS

TOTAL
*Including sublease space

CONTACT:
Mary Sullivan Kelly
Senior Vice President & Chief Research Officer
DIR
+1 617 330 8059
FAX
+1 617 330 8127
mary.kelly@colliers.com

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