Over the last few years in Boston, we’ve seen an increasing trend of limited lab space in the city and more companies moving out to the suburbs – COVID-19 has only sped up this process.
This trend is partly due to the health crisis exacerbating shortages in the already tight Boston market, particularly in Cambridge (the epicenter of the state’s life sciences industry), and companies seeking lower rents found in the suburbs.
In this post, we’ll share what experts have been seeing with this phenomenon and what benefits they see in having lab and office space in the suburbs vs. Cambridge/Boston.
This past August, Safety Partners hosted a webinar with a group of partners representing architects, construction management, project management, and real estate brokers called a Primer on Moving Out, where we gave an overview of the keys to a successful lab relocation. Understanding the markets is an important factor to consider.
In September, we had the opportunity to […]