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Greater percentage of bio-tech funding moving away from Cambridge and into Boston CBD and Suburbs

• Cambridge has seen rents explode and vacancies remain very low over the last seven years resulting in new, robust lab clusters across the state as tenants seek value and options. Additionally, an influx of venture capital investment has helped drive growth of these new clusters outside of Cambridge. 

• Biotech funding in Cambridge has grown 180 percent since 2014 and 492 percent in cites and towns in Massachusetts outside of Cambridge.

• The largest funding rounds in 2017 were awarded to Ginkgo BioWorks, WuXi NextCODE, and Indigo Agriculture, raising $275, $165, and $156 million respectively.

Source: JLL Research

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