The North Shore Welcomes the Next Wave of Innovation in Massachusetts

The North Shore Welcomes the Next Wave of Innovation in Massachusetts

blog, commercial offices, Life Sciences Work Space Solutions
Massachusetts is well established as the global leader in the life sciences. Our ecosystem includes companies from small startups to big pharma, as well as the academic institutions, incubators, accelerators, and investors that support them and their growing workforces. Yet, as the life sciences industry continues its rapid expansion in the region, some factors limit its potential growth. In its “State of Possible 2025 Report,” MassBio identified both scarcity and affordability of suitable space as critical structural challenges for the Commonwealth.  According to this five-year strategic plan for the life sciences industry, “Extremely low vacancy rates and highest in the nation commercial and lab rents in the Cambridge/Boston cluster are crowding out both entrepreneurial and larger companies.” In addition, talent recruitment and retention are threatened by the high cost of…
Read More
Cummings Supports Rapid Growth in Life Sciences Industry with LabsFast

Cummings Supports Rapid Growth in Life Sciences Industry with LabsFast

Life Sciences Work Space Solutions
As the life sciences industry in Massachusetts continues its rapid expansion, the lab market remains one of the hottest commercial real estate sectors. With high demand and scarce availability in Boston and Cambridge, lab space is at a premium and competition is fierce. Cummings is addressing the greater Boston region’s need for affordable space by continuing to develop new life sciences facilities and providing quick turnaround on lab suites. As both a developer and property manager with broad in-house expertise, Cummings is uniquely positioned to deliver specialized labs quickly for life sciences, biomanufacturing, pharma, and research firms. Here’s how we can quickly accommodate fast growth or newly funded life science companies: In-house Capabilities  With in-house leasing, design, permitting, and construction capabilities, as well as expertise in lab buildouts, Cummings provides…
Read More