Who is demanding lab space in Greater Boston?
Lab demand in Greater Boston has never been higher.
August 28, 2019
- Lab demand in Greater Boston has never been higher. Specifically, this demand is being led by the breakthroughs being made in Gene and Cell Therapies by companies merely a few years old.
- Gene Therapy is an experimental technique that uses genes to treat or prevent diseases. In the future, this technique may allow doctors to treat a disorder by inserting a gene into a patient’s cells instead of using drugs or surgery. This includes replacing a mutated gene with a healthy copy, knocking out a mutated gene that is improperly functioning, or introducing an entirely new gene into the body to fight disease.
- With the science behind most Gene and Cell Therapies still relatively untapped, we expect continued robust real estate demand from this sub-sector of the industry, especially as new companies get formed driven by the thriving innovation ecosystem within Kendall Square.
Source: JLL Research