Boston, San Francisco and San Diego are key life sciences cluster, but growing life sciences markets such as Seattle, Philadelphia, New York City and Chicago are also experiencing increased activity, according to Newmark in its The Conversion Conversation: Factors Driving Office-to-Lab Repositioning in Key Life Science Markets report.
The 7.8 million square feet of current and planned office-to-lab conversions throughout Greater Boston represents nearly 30 percent of the metro’s current lab inventory while New York Cityâ€