The document provides an update on competitive laboratory supply in Greater Boston as of December 2022. It summarizes that there are 62 buildings totaling 15.5 million square feet under construction, with 10.2 million square feet available and 34% preleased. Boynton Yards in Boston, Cambridge, and Somerville comprises an urban submarket well served by public transit. When considering a "Respoke score" of tenant demand factors, assets scoring above 60 total 3 million square feet available with 60% preleased, concentrated in East Cambridge and Somerville.

1. Update December 2022
Concise Update on Greater Boston Competitive Laboratory Supply

2. Concise Update on Competitive Supply
62
buildings
15.5
msf
10.2
msf avail
34%
preleased
Greater Boston’s Laboratory
construction pipeline has
stabilized in the second half
of 2022, with 15.5 million sf
under construction market-
wide
total market
Greater Boston Laboratory under construction assets, bubble size denotes asset size

3. Concise Update on Competitive Supply
36
buildings
10.9
msf
6.9
msf avail
36%
preleased
Boynton Yards is part of the
urban subgroup of Greater
Boston; comprising Boston,
Cambridge and Somerville.
This footprint is notably
distinct from elsewhere in
the market, in part being
served by excellent rail rapid
transit. bos, cam, som
Greater Boston Laboratory under construction assets, bubble size denotes asset size
Boston, Cambridge and Somerville shaded; MBTA Rail Rapid Transit network lines

4. Concise Update on Competitive Supply
23
buildings
7.6
msf
4.1
msf avail
47%
preleased
When using the Respoke
score (0-100) to simulate
tenant demand factors, we
find a far smaller peer
group. Let’s zoom in an first
take a look at assets scoring
at least 60 (808 Windsor
Street is 84).
respoke >60
Under construction assets with Respoke score >60, bubble size denotes asset size
MBTA Rail Rapid Transit network lines

5. Concise Update on Competitive Supply
9
buildings
3.0
msf
1.2
msf avail
60%
preleased
Qualifying this group of
assets even further, we now
look at assets with a
Respoke score of at least 80;
revealing an elite group of
options in East Cambridge
and Somerville. (again, 808
Windsor Street is 84).
respoke >80
Under construction assets with Respoke score >80, bubble size denotes asset size
MBTA Rail Rapid Transit network lines

6. Update December 2022
Concise Update on Greater Boston Competitive Laboratory Supply