Starting a company and raising capital to develop a therapy is hard enough work to begin with. Scientific entrepreneurs are then faced with high rents and lab construction costs that are two to three times what an office would be.
Think of incubators as the “WeWork of the life sciences industry.” They provide a turnkey lab environment that can range from a single lab bench to a large, private lab that accommodates 100 people.
WeWork CEO Adam Neumann is stepping aside amid questions about the company’s finances, but will remain on its board as non-executive chairman. The company leases over 1.6 million square feet of office space in Boston and Cambridge.
Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to several media reports.
WeWork is pushing back its public debut as investor confidence appears to grow shaky in the office share company that had recently been valued at around $47 billion.
McCall & Almy’s Julie Gray works with big institutional clients, such as Partners Healthcare, Northeastern University and Berklee College of Music, on real estate projects that are changing the physical environment of Greater Boston for decades. Gray has brokered transactions topping 800,000 square feet in the past year alone.
Downtown Boston’s 100 Summer St. tower has landed another major tenant, who will take over 100,000 square feet in the Financial District building.
A tech company that specializes in communications software for the insurance industry has signed a full-floor lease in Boston’s Financial District.
WeWork is scouting more than a dozen locations in Boston for its new “HQ by WeWork” coworking model which rents entire floors of office buildings to startups looking for flexible real estate arrangements.
Staples and Workbar Monday announced they are ending a partnership that saw the latter open branches of its coworking empire in three Massachusetts Staples stores.
The downtown Boston office market had another record year marked by peak rents, limited supply and significant large deal activity. Year-end absorption should eclipse 2.2 million square feet, as compared to 1.2 million square feet at the end of 2017.
Industrious has opened a 28,711-square-foot co-working space at 100 Summer St. in Boston’s Financial District.
Coworking provider Spaces will open its second Boston-area location next month in Davis Square.
If you thought coworking was just something Millennials did in the big city, think again.
