The office space market is facing a new reality in 2024: lower demand and a need for adaptation. While new construction shrunk by 28% compared to last year with 97 million square feet currently under development nationwide, there’s an interesting twist: Cities are responding by converting unused offices into other uses, such as housing.
NAIOP National Forums members attending last week’s annual Symposium had the opportunity to tour several projects in the office and life science markets in East Cambridge, Somerville and the greater Boston market.
The JLL 2022 Life Sciences Research Outlook and Cluster report reveals the critical trends shaping the industry, and developers should take note of some key takeaways that could inform development strategy in 2023.
As much of Chicago’s office market struggles to regain its footing, the booming life sciences and biotech industry is poised
Along the banks of the Chicago River on the city’s North Side, new developments are arising that have the potential
Growth in the life sciences sector has driven demand in recent years for both commercial real estate space and labor
As part of the commercial real estate industry, the life science market is dwarfed by its industrial sibling. Where the
The emergence of the COVID-19 Delta variant has played an important part in delaying some planned returns to the office.
Rising consumer spending, greater mobility and improved vaccination rates are contributing significantly to bringing back commercial activity to markets that
Life sciences firms are under intense pressure right now to research and produce viable COVID-19 vaccines, and their workplaces and
