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As vacancy rates in Cambridge remain low and rents there remain high, one might think that biotech firms unable—or unwilling—to pay the average $55-per-square-foot rate would be left out of the Kendall Square party. The reality, however, is that life sciences firms, large and small, are finding plenty of reasons to venture outside the city. The result—the emergence of thriving biotech communities in the ’burbs. Related: Lab Space: Is the “Top” Choice the Best Choice? Low Costs With rental rates typically one-half to one-third of those in Boston and Cambridge, the suburbs have become an attractive option for many biotech companies. Scientists leasing space in communities like Woburn, Medford, and Beverly are paying $11 to $36 per square foot less than they would in the city. Less money going to…

Bomb Pops, Drumsticks, and Choco Tacos–oh my! More than 500 free frozen treats were handed out in just two hours last Thursday as the Cummings Cones ice cream truck rolled through our Gill Street and Tower Office Park locations. Sunny skies and the opportunity to feel like a kid again drew clients outside to enjoy their ice cream novelties of choice, network with neighbors, and even play a round of cornhole. In a pre-event poll, clients ranked the Chocolate Éclair as the most treasured treat. The Chipwich Ice Cream Sandwich, however, was far and away the most popular choice of the day. You can’t beat a classic. Check out our time-lapse video for a small taste of the action. It's always great chilling with clients, and we have the pictures to prove it. Check out…

This summer, it’s been all hands on deck at Cummings Properties as we are in the heat of several new construction projects. In fact, even the Company’s founder, Bill Cummings, is getting in on the action! Although our team has been working hard, we still found plenty of opportunities to kick back and have fun off-the-clock. Colleagues came together for picnics, barbeques, sunset cruises, Red Sox games, and more. Want to get in on the action? Expanding our properties requires adding new members to our team of more than 300 commercial real estate professionals. Check out our Careers page to learn more about open positions, including plumber, electrician, carpenter, landscaper, leasing officer, and architectural designer. To stay up to date on all things Cummings Properties, follow us on Facebook, Twitter,…

“When it comes to life sciences real estate, Cambridge is still tops,” shouts a recent Boston Business Journal headline. There’s no disputing that the home to MIT and Harvard is a breeding ground for biotech brilliance. You only have to read as far as the first sentence of the article, however, to learn that “tops” also describes rental rates. “Boston and Cambridge are by far the most expensive life sciences markets to rent lab space in the United States.” In the spirit of Avis’ iconic “We’re No. 2!” advertising campaign, Cummings Properties is happy not to have the top spot in this category. Although we can’t claim to be the hub of the life sciences universe, we’re proud to have created thriving mini-hubs in Medford, Woburn, and Beverly. [caption id="attachment_1504"…

Cummings Properties employees can reach right out the lunchroom window for fresh basil while patrons of the Revere Hotel can swim outside seven stories up! Here are five ways Greater Boston businesses are taking their rooftops to new heights. 1. Incredible Edible Landscape Cummings Properties team members flexed their collective green thumb to create a small garden on the roof of the Woburn-based commercial real estate firm’s corporate office. 2. Swimming in the Clouds Boston’s Revere Hotel boasts one of the most coveted rooftop pools in Massachusetts. Complete with cabanas and cocktails, this heated pool seven stories above Back Bay is a great place to make the most of the short New England summer. 3. Get Blown Away A popular addition to the Boston skyline is producing significant educational benefits and…

In a world in which “there’s an app for that” has become the standard solution to most productivity problems, mobile devices are the new Swiss Army knife. For commercial real estate professionals looking to work smarter, not harder, there is no shortage of high-tech resources to get things done more efficiently. Productivity 1. DocuSign DocuSign provides a simple and secure way for property managers and brokers to electronically sign documents and collect signatures. Available On: iOS, Android, Windows 2. Dropbox Drop Box is a cloud-based storage solution that makes your documents, photos, and videos readily available on almost any device. Users can create folders and share them with relevant parties, such as clients or lawyers. Available On: iOS, Android, Windows 3. Google Sphere Cam Google Sphere Cam creates 360-degree panoramas, allowing you to give prospective…