Biotech’s Cathedral Problem: Why Emerging Companies Must Rethink Lab Infrastructure
Buildings from Boston’s recent biotech boom were designed for a different kind of market. That’s why it’s been so hard to fill them. But there’s another way.
Buildings from Boston’s recent biotech boom were designed for a different kind of market. That’s why it’s been so hard to fill them. But there’s another way.
While improving, demand-side fundamentals in Greater Boston’s laboratory market remain challenged as life science users continue to exhibit cautiousness in their real estate decisions.
The free-flowing funding climate in biotech slowed to a trickle in 2022, choking off the supply of tenants to fill Boston’s explosion of new life science real estate.
Moves by the California-based Alexandria Real Estate Equities to dump a significant slice of its Boston-area life science real estate portfolio speak volumes about the state of the local lab market, none of it good.