
Lab Space: Is the “Top” Choice the Best Choice?
“When it comes to life sciences real estate, Cambridge is still tops,” shouts a recent Boston Business Journal headline. There’s no disputing that the home to MIT and Harvard is a breeding ground for biotech brilliance. You only have to read as far as the first sentence of the article, however, to learn that “tops” also describes rental rates. “Boston and Cambridge are by far the most expensive life sciences markets to rent lab space in the United States.” In the spirit of Avis’ iconic “We’re No. 2!” advertising campaign, Cummings Properties is happy not to have the top spot in this category. Although we can’t claim to be the hub of the life sciences universe, we’re proud to have created thriving mini-hubs in Medford, Woburn, and Beverly. [caption id="attachment_1504"…