Greystar Proposes Second Local Lab Project
A 1960s office park near Route 128 would be replaced by a life science project under plans under review by Waltham officials.
Bedford Office-Lab Conversion Gets $82M Financing
A Bedford office building is in line for a lab conversion after the project received an $82.2 million financing package.
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.
Decision Time for Boston’s Office Landlords
As remote and hybrid work entrench themselves, Boston’s class B office market looks like potentially fertile ground for conversion into thousands of new housing units.
Hot Property: Exchange 200
A newly-formed joint venture will create 352,000 square feet of lab space in Malden Center, including three spec suites.
Three Biotechs Ink Leases at Waltham Office-Lab Conversion
Three life science companies have signed leases totaling 166,000 square feet at a Waltham office-to-lab conversion project currently under construction.
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.
Griffith Properties Plans Lab Conversion in Watertown
The $21.5 million acquisition of a Watertown industrial property will give Griffith Properties an opportunity to convert the building into life science space.
A Front-Row Seat on Lab Construction Boom
Imran Khan’s role as director of science at Boston-based architects Margulies Perruzzi places him squarely in the forefront of the region’s R&D development boom. A 25-year veteran of the Boston-area architecture industry, Khan has designed office- lab space for industry leaders.
Hot Property: 601 Congress St.
BioMed Realty plans to convert the 482,000-square-foot former John Hancock headquarters in Boston’s Seaport District into lab-ready space to satisfy the life science industry’s demand for growth.
Kenmore Project Seeks to Shift on the Fly to Labs
Related Beal seeks to expand the Fenway’s lab space inventory with changes to its 300,000-square-foot redevelopment in Kenmore Square.
How to Decide If a Lab Conversion Works for Your Building
In many markets the demand for lab spacehas exceeded the current inventory of available lab space, leading to the trend of building owners and developers exploring the option of converting existing commercial office buildings to provide a much-needed solution.
‘The Only Game in Town’
As the office market in Greater Boston continues to suffer amidst the pandemic – with firms listing more than 2.7 million square feet of office sublease space in recent months – the region’s life-science sector remains red-hot, as biotech and pharmaceutical companies continue to sign major leases and relentlessly look to expand.
