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Boston & New England  + Boston  + Office  |  November 8, 2023
Emily Fu
By: Emily Fu

Foundation Medicine to Sublease Part of Seaport HQ 

Foundation Medicine, a genomic testing company, is seeking to sublease a portion of its newly leased headquarters in Boston’s Seaport District, reported by Boston Business Journal.  

The company agreed to lease 580,000 square feet at 400 Summer St. in 2019 and is set to welcome employees into the newly built 16-story tower. The sublease offer covers approximately 125,000 square feet of office space on the building’s 12th to 15th floors, beginning in April 2024.  

The company’s spokesperson stated that this move will not change its Boston footprint or impact available space for employees. As Boston’s office market faces increasing competition, the availability of newly built Class A office space could further intensify the challenge of leasing office space in the city. The office vacancy rate in Boston was already at 20.6% in the third quarter, according to Colliers’ research. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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