Revamped Office Parks Welcome Lab Tenants

The lab and life science market in Greater Boston and across the nation might be cooling off, but there are still some tailwinds benefiting suburban office-to-lab conversions that were set in motion in recent years.

New Weston Labs Get First Biotech Tenant

The speculative redevelopment of Weston’s former Liberty Mutual office park into life science space received its first tenant commitment from a Natick biotech that was acquired last year for $300 million.

Local Office-to-Lab Conversions Approach 8M SF

A 7.8-million-square-foot pipeline of office building conversions to lab-ready space accounts for nearly 30 percent of Greater Boston’s life science inventory, exceeding the national average for commercial real estate markets.

Momentum Grows for Office Park Redevelopments

Throughout eastern Massachusetts, once-shunned suburban office campuses are in demand for acquisitions amid developers’ newfound zeal both for office-to-lab conversions and sites with ample acreage to build biomanufacturing plants.