The “Brain TrainRuns to South Boston Too!

Life science has been the dominant force and driving factor in the Boston real estate market. Industry demand has led to record high rents and record low vacancies in Cambridge. Life science has created a requirement for talent fueled by local universities, leading to the Red Line being dubbed “The Brain Train.” With no room left in Cambridge, developers have begun to turn their attention to South Boston. Sparked by GE’s move to Fort Point, South Boston has seen new development interest favoring converting older industrial space to office, multi-family, and lab. The Red Line runs directly from Cambridge to South Boston and is a major selling point for new lab developers and tenants. Developers Related Beal and Alexandria have been early adopters, the latter of which have already proposed a lab project at 99 A Street. Possible redevelopment of Widett Circle adds to the potential of South Boston becoming a relief valve for an overcrowded lab market. With new high-density zoning and immediate Red Line accessibility, all indications point to South Boston potentially becoming Greater Boston’s next life science cluster.

Boston’s A Street Corridor

  • nearly $600 million has been invested in land deals to turn this area into the next life science hub

 

  • Recent acquisitions from Anchorline Partners, Related Beal, National Development, Alexandria

 

  • The A Street Corridor, served by both South Station and the Broadway T stop on the Red Line, also directly connects to Cambridge’s thriving Kendall Square. National Development has also been a buyer along Dorchester Avenue, furthering the potential for the life science market to expand around the Broadway stop. Widett Circle, while cut off today, could also be a future area of lab growth in the years to come.

* Property immediately abuts The Block on A

** In permitting process. The above represents proposed specs presented by Anchorline Partner and Alexandria RE Equites

Market Overview

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