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High proportion of construction pipeline pre-leased

• The ten largest commercial construction projects that have broken ground will provide about 3.8 million square feet in additional supply, however 3.2 million is already pre-leased.

• Additionally, of the 600,000 square feet yet to be leased 20 percent is committed to with a letter of intent.

• Six of the above projects are 100 percent preleased and a seventh project, 101 Seaport Blvd, is 94 percent

• East Cambridge and the Seaport District are seeing the lion share of the new construction with seven of the 10 above projects undergoing in these two neighborhoods. 

Source: JLL Research

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