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.
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.
A Cambridge biotech firm that announced plans last month for a $40-million IPO is joining the life science cluster at Related Beal’s 451 D St. in South Boston.
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.