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March 30, 2023

‘Not Seeing Any Activity At All’: Once-Hot Life Sciences Leasing Market Freezes

Hear From Tufts Medical Center President Diana Richardson At Boston Healthcare Real Estate Summit May 24
The life sciences industry, one of the pandemic's fastest-growing commercial real estate sectors, is now facing a sharp slowdown in demand as biotech firms grapple with economic pain. Developers in the industry's largest hub, Boston and Cambridge, say they are having a hard time leasing their buildings as growth has begun to drop off in recent months, executives said Tuesday at Bisnow's Boston Life Sciences Real Estate Conference at 33-41 Farnsworth St.

‘Not Seeing Any Activity At All’: Once-Hot Life Sciences Leasing Market Freezes

As macroeconomic factors put pressure on small biotech companies to re-evaluate growth strategies — and as one of the sector's biggest banking partners has collapsed — the biotech market in Boston and around the country is facing a daunting challenge: leasing up the available space and the millions of square feet of new construction that are…

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Life Sciences VC Firm Expands To Boston, Signs 58K SF Lease With Beacon Capital

Life Sciences VC Firm Expands To Boston, Signs 58K SF Lease With Beacon Capital

A Chicago-based life sciences venture capital firm is expanding to the Boston market, signing a lease at the redevelopment of the former Boston Globe headquarters. Portal Innovations plans to occupy 58K SF of lab and office space at Beacon Capital Partners' Southline development in Dorchester, it announced Wednesday. The company plans to initially move…

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After Amazon's Pullback, The Future Of Multistory Warehouses Is In Question

After Amazon's Pullback, The Future Of Multistory Warehouses Is In Question   It's been less than five years since Prologis built the first multistory warehouse in the country, and the number of these pricey properties has taken off since. But with millions of square feet of multistory industrial under construction and seeking tenants, questions remain about how deep the demand for this space goes.There are five multistory properties under construction right now with roughly 5.3M SF of industrial space combined that have no announced leases signed, according to new CompStak data analyzing multistory warehouses. The industry is still relatively nascent in the U.S. with Prologis building the first of this kind of property in the country in Seattle…

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WeWork CEO: Traditional Office Is The New Retail, And We're E-Commerce

WeWork CEO: Traditional Office Is The New Retail, And We're E-Commerce   WeWork CEO Sandeep Mathrani is out with a new message to shareholders: “This is WeWork’s moment.” In an investor letter released Wednesday, Mathrani positioned his company as a solution to the uncertain future — and some say the dire state —…

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