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Searching for Solutions to Boston’s Lab Glut

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Developers have seen the bottom fall out of the Boston lab real estate market. But construction costs over $1,000 per square foot put most non-biotech tenants out of reach.

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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.

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