Cummings Properties: Leasing Advisor

25Feb 2021 by Ashley Caprarella

Cummings Brings New First-Class Lab Space to Beverly

The North Shore will soon boast a premium emerging lab facility for life science companies, with the opening of Cummings’ Emerging Tech Center at Dunham Ridge. In its first phase, Emerging Tech Center will feature a cluster of six labs ranging from 1,000 to 4,000 square feet, ready for occupancy this summer. This size laboratory suite serves an unmet need in the life sciences community: It is ideal for companies graduating from incubators and ready for independent space, but still seeking the benefits of a collaborative environment. Emerging Tech Center will occupy the top floor of 48 Dunham Ridge, a five-level, first-class lab and office building. Lease rates for the new lab suites start as low as $31/SF, a dramatic contrast to the record high rates in Cambridge at Kendall…

08Feb 2021 by Ashley Caprarella

The North Shore Welcomes the Next Wave of Innovation in Massachusetts

blog, commercial offices, Life Sciences Work Space Solutions

Massachusetts is well established as the global leader in the life sciences. Our ecosystem includes companies from small startups to big pharma, as well as the academic institutions, incubators, accelerators, and investors that support them and their growing workforces. Yet, as the life sciences industry continues its rapid expansion in the region, some factors limit its potential growth. In its “State of Possible 2025 Report,” MassBio identified both scarcity and affordability of suitable space as critical structural challenges for the Commonwealth. According to this five-year strategic plan for the life sciences industry, “Extremely low vacancy rates and highest in the nation commercial and lab rents in the Cambridge/Boston cluster are crowding out both entrepreneurial and larger companies.” In addition, talent recruitment and retention are threatened by the high cost of…

12Jan 2021 by Ashley Caprarella

Cummings Supports Rapid Growth in Life Sciences Industry with LabsFast

Life Sciences Work Space Solutions

As the life sciences industry in Massachusetts continues its rapid expansion, the lab market remains one of the hottest commercial real estate sectors. With high demand and scarce availability in Boston and Cambridge, lab space is at a premium and competition is fierce. Cummings is addressing the greater Boston region’s need for affordable space by continuing to develop new life sciences facilities and providing quick turnaround on lab suites. As both a developer and property manager with broad in-house expertise, Cummings is uniquely positioned to deliver specialized labs quickly for life sciences, biomanufacturing, pharma, and research firms. Here’s how we can quickly accommodate fast growth or newly funded life science companies: In-house Capabilities With in-house leasing, design, permitting, and construction capabilities, as well as expertise in lab buildouts, Cummings provides…

07Jan 2021 by Ashley Caprarella

Top Five Reasons to Lease Commercial Office Space in Woburn, MA

blog, commercial offices, Lab Space, medical office, Retail Store Space

The greater Boston area is a veritable treasure trove of commercial real estate opportunities for companies of all sizes. Suburban properties, in general, are experiencing a surge in interest, and Woburn remains a prime candidate for firms looking to spread out in the suburbs. If you are looking to lease a new office space, lab space, or medical space, here are a few reasons to consider Woburn. Centrality Woburn’s central location in the greater Boston area can set any business up for success. A short drive outside of Boston proper, Woburn is strategically positioned along both I-93 and I-95. These major highways make it easy for employees, clients, vendors, and other visitors to reach the suburb and any businesses therein. Even visitors from out-of-state will find something to appreciate with…

17Dec 2020 by Ashley Caprarella

Robotics in Construction

blog, commercial offices

It seems that every day that a newly minted technology promises to make our lives easier through automation. From the humble assembly line robot to the long-fabled Amazon drone delivery service, robotic technology appears to be an inevitability of the future, for better or worse. Cummings suburban division manager, Dan Linscott, recently served on a panel discussing the potential for automation and robotics in construction. Though some traditionalists may recoil at the idea of robots on a construction site, Dan recognizes both pros and cons of the technology and advises his peers to take a more nuanced stance on these new tools. Benefits One of the most obvious benefits of robotics in construction is the lowered risk to workers. Robots would be at the forefront of the more hazardous tasks,…

17Nov 2020 by Ashley Caprarella

Why It’s Time for Your Business To Spread Out in the Suburbs

commercial offices, Lab Space, medical office

For as long as we have had cities, some people have assumed they are the place to do business. Some number of professionals have spent their careers believing the only way to get to work was to take an overcrowded train straight to the heart of the nearest metropolis. The realities of 2020, however, have prompted many Massachusetts business owners to reevaluate where they work—and to look to the suburbs. Cummings Properties has long seen the merit in leasing high-value space in the greater Boston suburbs. Recent Boston/Cambridge transplants to Cummings’ locations along the I-95 corridor include life science firms like Qlibrium and Fluid-Screen, logistics specialist Biocair, investment connector Fundopolis, and even Middlesex County Probate and Family Court. The trend is clear: Business decision-makers are looking to the suburbs for…

22Oct 2020 by Ashley Caprarella

Is the Future of Biotech in the Suburbs?

blog, commercial offices, Lab Space

Even before the COVID-19 crisis began, many city-based firms started to look outward toward the suburbs for more cost-effective office and lab accommodations. Biotech, an industry with strong roots in Boston and Cambridge, is no exception. Cummings Properties has long been cultivating a community of biotech and life science firms in Woburn and Beverly, with no signs of slowing down. Lab Space Outside Boston, MA Sciences Switch to the Suburbs Cummings Properties currently provides professional workspaces to more than 100 clients in the biotech and life sciences industries, with a majority of them located in the ever-expanding Woburn, Beverly, and Medford clusters. The scientific community at Cummings has grown to such a point where it has become a draw to firms in and of itself. Qlibrium, one of the latest…

23Sep 2020 by Ashley Caprarella

How To Ease the Transition From Remote Work To the Office

commercial offices

The summer saw a great number of businesses around the Commonwealth resuming operations with precautions. Thankfully, this “reopening” of the economy has been a success, with COVID infection rates continuing to decrease as on-site work increased. As the months working in solitude—or among children and pets—at home continue to drag on, employees are becoming more and more interested in returning to a collaborative office environment. Below are steps that business owners can take to transition back to a safe and comfortable in-office work experience. Spread Out Employers in Massachusetts are required to ensure that the office environment is configured for social distancing. Chairs, tables, and workstations in cubicles, conference rooms, breakrooms, and common areas should be arranged to allow six feet of distance between occupants. To further promote a socially…