BioMed Plans More Lab Space in Cambridge
Cambridge still has the region’s lowest lab vacancies despite the life science industry slump, prompting a leading developer to pursue a project adding nearly 113,000 square feet to the local inventory.
Biogen Relocating to MIT Development in Cambridge
Biogen Inc. will relocate its headquarters to MIT’s new Kendall Square development after leasing 580,000 square feet in the first new lab building at Kendall Common.
MassBio Maps Rescue Plan for Life Science Startups
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.
Sage Therapeutics Consolidation Adds to Lab Vacancies
As biotech companies shave their real estate footprints, preferred locations in the East Cambridge industry core have gone from scarce to abundant since 2022.
Alewife Labs Get 155K SF Lease Expansion
A global biopharma company will occupy an additional 155,000 square feet at 200 Cambridge Park Drive in Alewife after signing a lease expansion.
CambridgeSide Seeks to Convert ex-Storefronts to Lab Space
New England Development wants to change office space, converted from third-floor storefronts before the pandemic, into laboratories. It’s following a familiar playbook for office landlords.
Biogen Seeks to Sublease Cambridge, Weston Properties
Biogen is offering over 263,000 square feet of office and research space in Cambridge and Weston for sublease in the latest retrenchment of the life science industry’s local footprint.
Cambridge Retains Lab Market Lead
Life science landlords continue to enjoy the upper hand in Greater Boston as the vacancy rate for the nearly 35 million-square-foot lab market remains below 3 percent, according to Colliers International research.
Seaport, Suburbs Benefit from Cambridge Lab Spillover
Asking rents for lab space are topping $116 per square foot in East Cambridge and approaching triple digits in Boston’s Seaport District, according to a brokerage research report.
