Just 18 spaces hit the market as available in the last 7 days, equating to ~142,000 SF
8 spaces (over 1,000 SF) came off the market ~65,000 SF
Cambridge’s “Alewife/West Cambridge” is a 2.1mm SF market that has blossomed over the past 10 years, with lab development a key driver. Today’s availability rate here is a 18.3% split 60/40% between direct & sublet spaces
The availability rate in Boston continues to rise, at a new high of 13.0% equating to 15,000,000 SF.