Cambridge Office & Lab
Global Office and Lab Destination
As Greater Boston’s gateway market, Cambridge is a hub for intellectual capital, innovative minds and technological advancements. The Cambridge market has experienced plunging office & lab vacancy rates and rapidly growing rents which make the market one of the world’s premier locations with significant barriers to entry.
Demand is largely coming from the expansion of existing tenants, the inward migration from out-of-market users and the explosive growth of the life science industry. The life science sector now constitutes roughly 70% of total demand and has become the most formidable market force, particularly within the lab sector.
Looking forward, Cambridge’s future remains extremely bright with a high concentration of intellectual and investment capital keeping the market fueled and extreme land constraints placing a cap on future development.