The largest biotech employers are adding hundreds of jobs as they advance new products and bring new facilities online. In addition, companies that provide outsourced services for life sciences companies, from contract manufacturing to consultants, also are seeing growth due in part to increasing pressure from investors to cut costs and run lean.
In one of the worst commercial real estate slumps in memory, one segment of the market is exhibiting surprising resilience. Biotech/lab space was the only sector to post positive absorption for 2009 â€“ although a modest 264,000 square feet, according to Colliers Meredith & Grew. The vacancy rate at year end was holding steady at […]
Last year, Cambridgeâ€™s lab market was the local commercial real estate marketâ€™s sole bright spot. Now, Cambridgeâ€™s office market is following suit and showing signs of turning a corner, with both startups and blue chips leading the way.