• 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

Lab Demand Is Strong In 128 Northwest

Author: Aaron Jodka

By Aaron Jodka | NOVEMBER 2018

We’ve spent some time in this space discussing the growth of the suburban lab market. That trend is fully manifested in the Route 128 Northwest submarket in 2018: Year-to-date, it has posted 341,243 SF of positive office/lab absorption, of which 38% (128,562 SF) has been to lab tenants. This is notable, since the share of the lab market in that submarket is just 14.5%. Lab is fighting way above its weight class!

Picture3Lexington has been the main beneficiary of this trend, while Bedford and Woburn have also seen gains. Some of the largest deals of the year include Concert Pharmaceuticals and Accent Therapeutics in Lexington, Homology Medicines in Bedford, and Ultragenyx Pharmaceuticals and Lionano in Woburn.

This level of demand will be difficult to maintain as vacancies begin to dwindle. However, with plans for some additional product and lab users (even if not life science players) looking to areas such as Woburn for growth opportunities, 128 Northwest will remain front of mind for tenants — and should be for investors as well.



Subscribe to Colliers In Focus Blog Posts