Route 128

STRONG DEMAND ACROSS SELECT SUBURBS

As Greater Boston’s premier suburban market, the Route 128 loop has garnered global recognition for its proximity to urban markets, excellent infrastructure, distinguished tenant base and top quality assets. During the second quarter, the market absorbed approximately 290,500 SF which lowered the overall vacancy rate to 10.3%. Route 128 boasts some of the region’s largest corporations from healthcare and education firms to emerging technology and TAMI tenants.

The market has submitted a strong half year performance with two quarters of consecutive positive adsorption, lowering the vacancy rate to 10.3%. The best performing assets are those which cater to tenants needs including; contemporary lobbies and common areas, fitness & dining services, creative outdoor spaces and upgraded building mechanicals. Looking forward through the remainder of 2017 and 2018 there is a disproportionately large share of tenant roll during will drive strong demand and positive
rent growth.

60,093,000

RSF

10.3%

Direct Vacancy

2.7%

Sublease

337,000

YTD Absorption

$27.18

Average Rent

15.4%

Total Availability