Boston Properties(US:BXP)2022-12-16 04:58Boston Region Submarkets - Waltham has a total square footage of 4.8 million [3,4], with 28 buildings and 84.4% occupancy [4] - Cambridge has a total square footage of 2.4 million [3,13], with 10 buildings and 99% occupancy [13] - Boston has a total square footage of 8.4 million [3], with 8 buildings and 97% occupancy [16] Waltham Development Activities - 180 CityPoint: Building size is 320,000 SF, estimated total investment is $275 million, and 43% is pre-leased with an estimated delivery in Q4 2023 [5] - CityPoint South: Future development of 1.2 million SF across 5 buildings for life sciences/office build-to-suit [6] - 880 Winter Street: Building size is 244,000 SF, a life sciences conversion, 97% pre-leased, and completed in Q3 2022 [7] with an estimated total investment of $108 million [8] - 103 CityPoint: Building size is 113,000 SF, 75% R&D and 25% GMP, with an estimated delivery in Q4 2023 and an estimated total investment of $115 million [10] Cambridge Development - 250/290 Binney Street: 271,000 SF [14] - 300 Binney: 240,000 SF [14] Washington, DC Region Office Market - Total office square footage is 310 million, with BXP holding 8.9 million [41] - Operating portfolio is 8.9 million SF, with 34 buildings and 89.4% leased/committed [43] Reston Town Center Lease Performance - Total square footage is 3.8 million [47] - Total uncommitted space is 186,000 SF, representing 4.90% uncommitted [47] - Pandemic leasing activity reached 1.5 million SF [47] Washington, DC Lease Performance - Total square footage is 2.9 million [49] - Total uncommitted space is 260,000 SF, representing 8.8% uncommitted [50,51] - Pandemic leasing activity reached 666,000 SF [55] Reston Town Center Next Phase - Masterplan includes up to 4 million SF of development capacity [59] - Phase 1 total development is 1.861 million SF, including 1.1 million SF of office space, 500,000 SF of multifamily (508 units), 200,000 SF of hotel (267 keys), and 61,000 SF of retail [60] - Phase 2 total development is 2.054 million SF, including 800,000 SF of office space, 1.2 million SF of multifamily (1,200 units), and 54,000 SF of retail [67] San Francisco Market Overview - San Francisco CBD total available space is 25.9%, with direct available space of 10,027,303 SF and sublease available space of 3,580,772 SF [133] - San Francisco total available space is 28.7%, with direct available space of 17,156,538 SF and sublease available space of 7,550,402 SF [133] - Silicon Valley office total available space is 15.1%, with direct available space of 11,920,043 SF and sublease available space of 3,631,893 SF [138] - Silicon Valley R&D total available space is 12.0%, with direct available space of 13,592,913 SF and sublease available space of 3,781,014 SF [138]