Back
  • Albania Albania
  • Argentina Argentina
  • Australia Australia
  • Austria Austria
  • Belarus Belarus
  • Belgium Belgium
  • Brazil Brazil
  • Bulgaria Bulgaria
  • Canada Canada
  • Chile Chile
  • China China
  • Colombia Colombia
  • Costa Rica Costa Rica
  • Croatia Croatia
  • Czech Republic Czech Republic
  • Denmark Denmark
  • Egypt Egypt
  • Estonia Estonia
  • Finland Finland
  • France France
  • Georgia Georgia
  • Germany Germany
  • Greece Greece
  • Hong Kong Hong Kong
  • Hungary Hungary
  • India India
  • Indonesia Indonesia
  • Ireland Ireland
  • Israel Israel
  • Italy Italy
  • Japan Japan
  • Kazakhstan Kazakhstan
  • Korea Korea
  • Latvia Latvia
  • Lithuania Lithuania
  • Luxembourg Luxembourg
  • Mexico Mexico
  • Montenegro Montenegro
  • Morocco Morocco
  • Myanmar Myanmar
  • Netherlands Netherlands
  • New Zealand New Zealand
  • Norway Norway
  • Pakistan Pakistan
  • Panama Panama
  • Peru Peru
  • Philippines Philippines
  • Poland Poland
  • Portugal Portugal
  • Qatar Qatar
  • Romania Romania
  • Russia Russia
  • Saudi Arabia Saudi Arabia
  • Serbia Serbia
  • Singapore Singapore
  • Slovakia Slovakia
  • South Africa South Africa
  • Spain Spain
  • Sweden Sweden
  • Taiwan Taiwan
  • Thailand Thailand
  • Turkey Turkey
  • Ukraine Ukraine
  • United Arab Emirates United Arab Emirates
  • United Kingdom United Kingdom
  • United States United States
  • Vietnam Vietnam

Disruption 2020 - Q2 2020 Lab Update

Author: Aaron Jodka

By Aaron Jodka & Dion Sorrentino | July 2020

Greater Boston’s lab market is cooling off a bit. Office has taken a step back, particularly in Boston, and that is beginning to occur in the lab market as well. Here are five key takeaways on second quarter stats:

  1. Lab absorption was positive by 335,000 SF in Q2. The completion of 400–500 Cambridge Discovery Park in Alewife and Alkermes’ headquarters in Waltham drove leasing.

    Q2 2020 image on slide
  2. Boston demand paused, while it grew in Cambridge and the suburbs (261,000 SF and 74,000 SF, respectively).

  3. Developers are still anxious to get their hands on future development or redevelopment sites.

    • Alexandria and National Development announced a deal at the Mount Auburn Club.

    • IQHQ is buying the GCP Applied Technologies campus in Alewife.

    • Spear Street is acquiring Tufts/Harvard Pilgrim’s Watertown assets.

  4. While office rents have stalled, lab rents continue to grow, up 16.3% year-over-year.

  5. The tenant-in-the-market list is still strong, headlined by Biogen, which is looking for manufacturing space, and CRISPR, said to be close to signing a deal in the Seaport.


Subscribe to Colliers In Focus Blog Posts