Searching for Solutions to Boston’s Lab Glut
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.
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.
Venture capital investment in the U.S. life science industry surged in the second quarter, potentially easing the historic glut of lab space seeking tenants.
Alexandria Real Estate Equities will sell a local development site where it had planned a life science campus because of the softening lab development market, reflecting dampening demand on what was once one of the region’s most desired life science growth clusters.