CAMBRIDGE, MA—A report released by brokerage firm Transwestern indicates that availability for lab space here has hit a historic low at 7.5%. Availability for lab space in the Greater Boston region has also hit an all-time low at 9.3%.

A host of factors have contributed to the tight laboratory space market in Cambridge, according to Transwestern’s mid-year market report. Two significant drivers have been initial public offerings and mergers and acquisitions in the biotech and biopharmaceutical sectors. Citing figures from PwC the report states that the last two quarters of 2015 produced 33 IPOs, which raised $2.5 billion industry-wide. Venture capital funding totaled almost $4 billion from 254 transactions in the first half of this year and low interest rates swelled mergers and acquisitions volume to a record-breaking 81 deals representing $238.5 billion in activity.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.