More than 20,000 people are expected to attend BIO 2007, the world's largest biotech conference.
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Stephen Heuser, a reporter for the Globe, covers biotechnology, medical devices, and the life-science industry.
Christopher Rowland , Globe reporter, covers the healthcare economy, including doctors and hospitals, insurance, and research.
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« Ye olde biotech promo | Main | Taking no chances » Wednesday, May 9, 2007No room at the incubator?If you're thinking about moving your start-up to the Boston area and tapping into some of the $1 billion state officials hope to put on the table to prime the industry, finding somewhere to put your scientists and equipment could become a problem. A report by NAI Hunneman Commercial, a real estate services firm, says vacancy rates for life-sciences space in Boston are dropping. Vacancy rates in lab space in Cambridge dropped to 10.6 percent at the end of the first quarter of this year, a 2.6 percent drop from a year ago, the report said. Inventory of total lab space in Cambridge increased only slightly, from 17.1 million square feet to 17.5 million square feet. The tighter market in Cambridge is pushing some development across the Charles River to the Longwood Medical Area. The total supply of non-institutional leased lab space in Boston now stands at almost 2 million square feet with a vacancy of 3.6 percent, tightening from last year's 1.8 million square feet at 6.6 percent, according to the report. When the Center for Life Science in Longwood is completed in 2008, Boston's lab inventory will approach 3 million square feet. Posted by Boston Globe Business Team at 03:25 PM
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