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Rental rates nationwide have declined nearly 18% since 2023 to $64 per SF.
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Alexandria's Dan Ryan Sees 'Frothier' Life Sciences Office Market; Richman Group Gets Green Light for F St Project; CT Realty Buys General Atomics Poway Bld;
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The life science real estate market is thriving, but a lack of space is problematic
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City officials, life sciences tenants and their landlords are assessing the impact of sustainability measures on the industry and on redevelopment projects.
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These are the Boston market's largest office-to-lab conversions already in motion.
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From development spreading out into the suburbs to high-profile projects in Kendall Square, here are the cities and towns with the most construction starts.
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Mesirow bought the 344K SF apartment building in the rapidly growing neighborhood.
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Demand in the Greater Boston lab market stood at 305K SF during the second quarter, less than one-third of the prior quarter's total.
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Joel Marcus, co-founder of Alexandria Real Estate Equities, played a key role in shaping the life sciences industry and is now leading it through a storm.
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The life sciences market slowdown has led some landlords to consider converting vacant labs back to office space.
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