Commercial Property Executive: Demand for Lab Space Hits 10-Year Low feat. Nick Cassaro

The demand for lab space has reached its lowest point in a decade, driven by speculative construction and rising vacancies across several markets. While some regions like Boston still exhibit positive absorption, the overall market is facing significant challenges. BGO comments on the situation, noting that despite the downturn, there are opportunities for a rebound with increased venture capital funding and improving economic conditions. This analysis highlights the potential for future growth in the sector, especially if market conditions become more favorable.

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