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Cummings Properties

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cummings.comWoburn, MA, United States

Long-established, in-house commercial real estate firm designing, building, leasing, and managing 11 million sq ft of office, lab, and flex space.

Overview

Cummings Properties is a long-established, in-house commercial real estate firm that designs, builds, leases, and manages more than 11 million square feet of office, laboratory, and flex space. The company operates with integrated in-house teams for design, construction, and property management, providing architecture, landscape architecture, engineering, space planning, interior design, lab design, and LEED/Energy Star services. Their approach emphasizes responsive, turn-key leasing experiences and in-house lab buildouts, enabling a diverse set of customers—from traditional offices to biotech and life sciences—across multiple communities. Cummings also emphasizes community giving, with profits directed to nonprofits via the Cummings Foundation and related programs, reflecting a commitment to local impact alongside business growth.

Mission statement

To deliver integrated, high-quality commercial real estate solutions through in-house design, construction, leasing, and management while supporting charitable initiatives.

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What we offer

Cummings Executive Suites

Flexible workspace solutions supporting business growth in a professional setting.

cummings.com/executivesuitesbycummings/index.html

Office Space

Affordable, flexible, and responsive office space solutions in Greater Boston.

www.cummings.com/leasespace/office-space.html

Lab Space

Affordable and flexible lab spaces for biotech and life sciences in Greater Boston.

www.cummings.com/leasespace/lab-space.html

Nonprofit Space

Affordable, fully-equipped office space for nonprofits in Greater Boston, supporting community initiatives.

www.cummings.com/leasespace/nonprofit-space.html

Virtual Offices

Service

Elevate and establish your business with a prestigious address and flexible workspace solutions.

www.cummings.com/executivesuitesbycummings/virtual-offices.html

Meeting Rooms

Service

Flexible meeting space with amenities to enhance productivity.

www.cummings.com/executivesuitesbycummings/meeting-rooms.html

Move-In-Ready Labs

Efficient lab solutions for immediate use, designed for growth.

www.cummings.com/fliers/2cp-lab.html

Market segments

Market size by segment

Growth potential (CAGR)

Flexible workspace and virtual office services

10.04 Billion USD5.1% CAGR

On-demand and virtual office solutions for mobile professionals, including furnished workspaces, 24/7 connectivity, meeting rooms, and remote receptionist services.

Life sciences lab leasing

12.3 Billion USD6.5% CAGR

Leasing and management of certified laboratory and biotech‑ready office spaces for research institutions, startups and corporate R&D, including equipment‑ready fit outs, safety protocols and specialized tenant amenities.

Flexible workspace and event venues

52.8 Billion USD11.9% CAGR

Shared coworking memberships and rentable studios, meeting rooms, and event spaces with professional AV and on-site support for recordings, meetings, and public events.

Facility and managed workspace for nonprofits

1.5 Billion USD10% CAGR

Property and facility management, lease administration, and rentable work and event space designed to support nonprofit tenants and community collaboration.

More information about our offering

Cummings Executive Suites

Flexible, turnkey workspace platform offering private furnished offices, meeting rooms, and virtual services at Beverly and Woburn campuses. The service provides spacious common areas, fully stocked kitchens, on-site staff, and professional reception, with the freedom to scale space up or down without long-term leases. Integrates in-house design, construction, and client services for rapid setup and a collaborative, professional environment.

  • Enhances Business Flexibility
    Rent furnished offices and conference rooms by the day, month, or year, allowing your business to adjust as needed.
  • Provides Diverse Workspace Options
    Access a variety of workspace solutions tailored to meet distinct business needs.
  • Provides Professional Assistance
    Benefit from a professional reception area and friendly on-site staff to assist clients and visitors.
  • Enables Quick Business Setup
    Immediate access to fully furnished and equipped office setups, allowing businesses to begin operations without delay.
  • Facilitates Networking Opportunities
    Engage in regular events designed to foster professional relationships and collaboration among businesses.
  • Offers Remote Business Solutions
    Leverage virtual office capabilities, such as mail and telephone answering, adapting to modern business needs.

Office Space

Class-A traditional office and executive office suite rentals with in-house leasing, design, and construction support. This turnkey space offers private offices in multiple sizes, flexible terms, welcoming reception areas, stocked kitchens, and access to conference and training rooms. Additional services include mail and notary options and in-house project management to simplify occupancy.

  • Seamless Project Management
    Our skilled teams handle projects from design to completion, ensuring a smooth and efficient move-in process.
  • Choose Lease Duration
    Select lease terms that suit your business needs, whether short-term or long-term, allowing for adaptability as your needs evolve.
  • Conveniently Located
    Leverage well-situated properties that offer easy access to major routes and public transport, enhancing employee commute.
  • Enjoy Refreshments On-Site
    Access to stocked kitchens promotes a comfortable work environment and a place for employees to recharge.

Lab Space

Cummings Properties offers affordable, flexible lab space for lease near Cambridge throughout Greater Boston, supporting biotech, life sciences, and pharmaceutical research at every growth stage. Features include various lab types from wet labs to GMP-ready facilities, turnkey options, and customizable layouts, all backed by in-house design and construction teams.

  • Customize Lab Space Efficiently
    Cummings ensures quick and cost-effective setups, tailored to specific research needs, allowing businesses to focus on their core activities instead of property management.
  • Move-In Ready Labs Available
    Cummings’ turn-key solutions allow for immediate occupancy, while build-to-suit options provide tailored layouts to meet specific operational needs.
  • Support Innovative Research
    Our incubators and wet labs are designed to facilitate advanced biotech research, providing essential infrastructure for startups and established firms to thrive.

Nonprofit Space

Greater Boston nonprofit office space with full-service leases, affordable rates, and in-house design/construction/financing/leasing/property management support. All-inclusive leases may cover taxes, insurance, maintenance, snow removal, and utilities, with profits directed to the Cummings Foundation.

  • Pay Less Per Square Foot
    Cummings Properties offers significantly lower rental rates compared to nearby cities, allowing nonprofits to allocate more resources toward their missions.
  • Support Community Initiatives
    By leasing with Cummings Properties, nonprofits contribute to a broader philanthropic effort, ensuring their operational costs support vital local services.
  • Simplify Budget Management
    With comprehensive leases covering major operational costs, nonprofits can manage budgets more effectively while focusing on their core activities.
  • Streamline Operations with Expert Support
    Access to a full suite of services under one roof allows nonprofits to tailor their facilities efficiently without the hassle of coordinating multiple vendors.

Virtual Offices

Cummings Executive Suites’ Virtual Office Program provides businesses with a prestigious professional address and business presence at premier campuses in Woburn and Beverly, all at a fraction of the cost of traditional office space. Clients receive mail handling services and access to on-demand business amenities, with the flexibility to scale into coworking or full-time office space as their needs grow.

  • Professional Mail Management
    Utilize a prestigious address for receiving and forwarding mail, enhancing your business image.
  • Receive Calls Anytime
    Maintain a professional presence with a dedicated local number that ensures client connectivity round the clock.
  • Adapt to Your Growth
    Easily transition from a virtual office setup to a physical space as your business needs expand.

Meeting Rooms

Flexible meeting spaces available for hourly use, ranging from small rooms to large conference rooms. Each room includes WiFi, presentation screens, conference call access, and whiteboards, with optional catering, kitchen access, and administrative support. On-site parking and professional reception services are available at select locations.

  • Choose Rental Terms That Suit Your Needs
    Choose from hourly or monthly rental options that suit your meeting schedule and budget.
  • Variety of Room Sizes
    Select the perfect room size for your meeting, from intimate settings to spacious conference environments.
  • Access Optional Catering
    Enhance your meeting experience with catering options and professional kitchen support for refreshments.

Move-In-Ready Labs

Move-in-ready labs with turnkey and build-to-suit options, designed for rapid occupancy and scalable lab layouts.

  • Immediate Use
    Fully equipped and functional labs available for quick setup, allowing businesses to commence operations swiftly.
  • Customizable Lab Space
    Ability to tailor lab environments to specific research needs, providing flexibility and adaptability for businesses.

References

Methodology and sourcing behind the market figures shown above.

Flexible workspace and virtual office services

Primary source: ResearchDive’s Space-as-a-Service (SPaaS) report provides a direct market definition matching “flexible workspace and virtual office services,” reporting $8.67B in 2021 and a 5.1% CAGR to 2031. I projected the 2024 market by compounding 2021’s $8.6705B forward three years at 5.1% (8.6705*(1.051)^3 ≈ $10.04B). I cross-checked related sources: a LinkedIn summary reports a higher flexible-workspaces CAGR (9%) for some market reports, and MarketResearchFuture shows the much larger, broader workplace services market ($1,482.34B in 2024, CAGR ~5.3%), indicating SPaaS is a subsegment of a larger workplace services market and that growth assumptions vary by scope. Given the direct relevance of ResearchDive to SPaaS, I used its 5.1% CAGR as the growth-potential estimate.

Life sciences lab leasing

Estimate derived from reported U.S. lab inventory and market rents in the provided results. Sources report national lab inventory between ~171–312 million sqft and average asking rents roughly $56–$70+/sqft with vacancies of ~19–23%. Converting occupied square footage (inventory × (1−vacancy)) and applying midpoint rent yields an annual gross rent roll in the low‑to‑mid‑teens billions; midpoint used here is $12.3B. Growth potential (CAGR) is estimated at ~6.5% based on cited firm forecasts of mid‑single‑digit to high‑single‑digit CRE/life‑sciences real‑estate growth (RMR’s 6.76% projection and related industry outlooks).

Flexible workspace and event venues

Search results include two market reports: HTF Market Intelligence (quoted on LinkedIn) cites a current flexible workspace market value of USD 52.8 billion and projects strong growth; SphericalInsights reports USD 43.23 billion in 2022 with an 11.87% CAGR to 2032. Combining these sources and using the broader “flexible workspace” definition (which covers coworking, rentable meeting/event spaces and serviced offices), I estimate the current market at about USD 52.8B and a conservative growth potential around 11.9% CAGR.

Facility and managed workspace for nonprofits

Used the US facility management market projection (USD 14.9B in 2025; 15.5% CAGR) from MarketsandMarkets as the primary anchor. Estimated the nonprofit-focused subset (facility/managed workspace for nonprofits) as ~10% of the US FM market (range 5–15% in reasoning) to reflect spending by nonprofit healthcare, education, community organizations, and dedicated nonprofit managed-workspace providers, yielding ~USD 1.5B. Growth potential (CAGR ~10%) is set below the overall US FM CAGR (15.5%) to account for budget constraints in many nonprofit organizations and slower uptake of high-cost FM digitalization, while recognizing demand for flexible/shared workspace and continued modernization.

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