By adamg on Wed., 3/12/2025 - 10:04 am
The Boston Real Estate Times summarizes a new report by Colliers on the state of the Boston-area life-sciences development market: Basically, we got too much lab space too soon and it could take years for even our hard-charging life-sciences sector to sop up all the currently excess space: We now have the highest lab-space vacancy rate in the country.
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Such a surprise - not
By mg
Wed, 03/12/2025 - 10:41am
How could anyone have foreseen that the crazed rush to build more and more lab space would turn out this way? /s
By creating all this unwanted
By Anonymous
Wed, 03/12/2025 - 11:04am
By creating all this unwanted "lab space" there is less housing. Drives the cost of living up even more.
A rising tide lifts all boats.
The important thing was all
By db
Wed, 03/12/2025 - 11:25am
The important thing was all the money and resources went to building these empty lab buildings instead of residential units people might have actually lived in.
Shocking!
By CH
Wed, 03/12/2025 - 10:41am
Colliers could've saved the money they spent on this report by just reading the Uhub comments section for the last several years.
wow build too much too fast - that is Boston's motto
By jan know it all
Wed, 03/12/2025 - 10:45am
Wu says build, build. build! Guess what happens next?
Overbuilt neighborhoods and empty apartments.
Empty apartments?
By blues_lead
Wed, 03/12/2025 - 12:40pm
Where? If there are so many, I'm guessing rents have come down to the owners have a chance to fill them, right? Oh, rents are still sky-high, and the housing vacancy rate is miniscule? And we've barely built any housing? Huh...
Sure, Jan
By SwirlyGrrl
Wed, 03/12/2025 - 2:36pm
Empty apartments? LOL!
good thing we bent over and gave them all those variances
By Anonymous
Wed, 03/12/2025 - 11:12am
not to mention the cost of housing driven up by the biobubble. At least the developers and lobbyists made plenty of money and made plenty of contributions to the elected officials who lined up to testify in ZBA charade hearings about all those great union construction jobs.
Time for Boston and near
By Anonymous
Wed, 03/12/2025 - 11:15am
Time for Boston and near cities to use this opportunity to priortizing housing. We have been building mostly office/lab and parking for the past few decades and traffic and exploding rents (2nd worst in the US) as a result.
oh dear
By Lanny Budd
Wed, 03/12/2025 - 1:21pm
What am I going to do with the lab space I built in my old dog house? And what is my dog going to do?
Better check on that dog ...
By SwirlyGrrl
Wed, 03/12/2025 - 2:45pm
How will the influx of
By Frelmont
Wed, 03/12/2025 - 2:20pm
How will the influx of federal workers to the non-gov workforce affect the greater economy? Will those with lab skills leaving federal work find their way to any revival of lab jobs?
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