0 Biotech Real Estate Soaring in Kendall Square

The global hot spot for Bio Pharma space is Kendall Square in East Cambridge with 130 life sciences companies in 2.5 square miles.

Boston biotech real estate

Credit: CNBC

From CNBC:

“Of the top 20 pharmas I think probably somewhere between 50 and 75 percent have a presence in and around Cambridge,” said Joel Marcus, CEO of Alexandria Real Estate, the landlord with the biggest market share in the area.

“As tight as the lab market is in Kendall Square, the office market is even more tight, in part because Microsoft and Google are expanding their operations,” MassBio’s Abair said. At the same time though, he noted the proximity of tech and life sciences companies enable cross-industry collaboration.

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0 Full Block of East Cambridge Office Space Eyed

office and lab space in east cambridgeEast Cambridge lab space continues to be sought over by some heavyweights in the life sciences. The BBJ is reporting that “Bristol-Myers Squibb is on the hunt for up to 200,000 square feet of office and lab space in Cambridge, the latest major life sciences firm to crowd into one of the hottest commercial real estate markets in the country…the New York-based pharmaceutical giant, which already occupies 60,000 square feet of space in Waltham as well as 400,000 square feet in Devens, is targeting new research and administrative space in East Cambridge’s Kendall Square neighborhood, home to some of the biggest drug and technology developers in the world.”

Additional details are available on the Boston Business Journal