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Policy & Trends Blog

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Lab, Life Science Space Will Only Drive Our Recovery If Nurtured

September 28, 2021

The demand for lab and life science space is driving construction all over the commonwealth, and there’s no slowdown on the horizon. Existing vacancies in Boston are at 1.1 percent and the larger market is hovering at 2.5 percent. This lack of supply has caused pricing to skyrocket where other sectors of commercial real estate have stalled. As one example, rents in Watertown hit levels comparable to Kendall Square’s pre-pandemic rents earlier this year. While new construction and lab conversions are up, prices remain high, as demand continues to exceed supply. The majority of new space coming online in 2022 is already committed.

NAIOP Massachusetts Welcomes Danielle Allard

September 17, 2021

NAIOP Massachusetts, The Commercial Real Estate Development Association, is excited to welcome Danielle Allard as its Director of Programs & Events. Danielle will ensure ongoing programmatic excellence and will work to provide new offerings that refresh and strengthen NAIOP’s events, educational courses, and professional development opportunities.

Opinion: The Future of Work Report Misses the Mark

July 14, 2021

But there is a big miss in McKinsey’s report. It’s no secret that office space was hard hit by the pandemic — walking in downtown Boston for the past year has been more akin to walking in a ghost town. But McKinsey’s topline conclusion that the demand for office real estate may fall as workers spend more time in residential areas due to hybrid work, uses employer and employee data from before vaccines were available to everyone, and conflates a hybrid work-schedule with the need for less physical space.

Archives

The above archive includes blogs posted from December 2020 onward, and reflect NAIOP updates from July 2020 to present. For posts prior to July 2020, please visit NAIOP's archived blog.

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