Tag Archives: cambridge lab space for rent

0 Startups Increasingly Priced Out of Cambridge Real Estate

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Shared Pharma space at Mass Innovation Labs.

Mass Innovation Labs; Image Courtesy of Crains.

Small to mid-sized tenants need to seek the value play by looking along the Red Line corridor in Downtown Crossing, with rents ranging from the high $20’s to mid-$40’s PSF.

A recent Crains.com article notes, “Smaller companies, however, are feeling the squeeze. The problem is more acute for Boston’s booming biopharma industry than for tech companies…More than 96 percent of Cambridge’s 10.24 million square feet of lab space is occupied, according to an analysis by commercial real estate investor Transwestern.”

You can read more on Crains.

0 Cambridge Office Rents Continue to Grow

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Rendering of Binney street office space

Credit: BBJ

Office rents continue to climb in East Cambridge in both Lab and Office with some of $80 per square foot.

A BBJ article reports, “Escalating rents in Cambridge’s Kendall Square are pushing away some young life science and biotech companies, but there’s still incredibly strong demand for Class A office and lab space in the neighborhood, according to Alexandria Real Estate Equities.”

You can read the full article on the Boston Business Journal’s website.

0 Cambridge Lab Space Leads US

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Kendall Square office space

Credit: BBJ

Great Boston leads the nation with the most expensive lab space.

According to the BBJ, quoting a Sciences Outlook report by brokerage JLL, “Boston and Cambridge are by far the most expensive life sciences markets to rent lab space in the United States…Greater Boston’s life sciences rental rates have climbed 7.4 percent this year to reach an average rate of $47.40 per square foot. In Cambridge specifically, the average lab rent is $51.60 per square foot, the report said. The report also said tenants are currently on the hunt for around 1.3 million square feet of space in the city.”

You can read the full article on the Boston Business Journal’s website.

0 Cambridge Office Space Still Leads the Nation

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Lab and office space in Cambridge and Kendall Sq

Credit: Boston Business Journal

Great Boston leads the nation with the most expensive lab space.

From the BBJ:

Greater Boston’s life sciences rental rates have climbed 7.4 percent this year to reach an average rate of $47.40 per square foot, outstripping other top markets including Raleigh/Durham, North Carolina (up 12.4 percent year-over-year to $19 per square foot); San Francisco (16.9 percent, $37.30); San Diego (15.5 percent, $29.90); New York/New Jersey (8.3 percent, $24); and Los Angeles (4.9 percent, $30.70)…In Cambridge specifically, the average lab rent is $51.60 per square foot, the report said. The report also said tenants are currently on the hunt for around 1.3 million square feet of space in the city.