0 Bustling Office Demand Limits Lab Space in Boston, Cambridge

lab space at 640 Memorial Drive in Cambridge

Credit: capitalprojects.mit.edu

Lab space is nearly impossible to find in Cambridge and Boston.  Companies that are looking to bring their concept to market can capitalize on brain tank of talent can find space within the greater East Cambridge market.  Some landlords like Beacon Capital are considering converting traditional office floors to lab space to accommodate the market demand.

According to a Boston Globe report, “an additional 1.9 million square feet of lab space was under construction last quarter that will grow the Greater Boston lab market by more than 10 percent, according to Transwestern’s figures. Most of that space is near Kendall Square in Cambridge, and is scheduled to be finished in 2015 and 2016.”

You can read more information on the lab space market in Cambridge and Boston on the Boston Globe’s website.

Leave a Reply