The greater Boston area's laboratory market has stayed largelythe same in the second quarter of 2020, however purchasing plansare showing a greater emphasis in the area suburbs, according toColliers International Lab Viewpoint report.
"More space is coming, and conversions in the suburbs and Bostonand future new development throughout the market aim to tap intothis supply/demand imbalance," the report states.
Historically, lab space has been most prevalent in the Cambridgearea. However, the suburbs are likely going to grow in the nearfuture. The report states that Alexandria has expanded its suburbanoperations by purchasing spaces in Watertown and Newtown in recentquarters. The report says the company also has plans to acquire theMount Auburn Club alongside National Development.
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Dan Clark
Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.
