Lab space is becoming more appealing to investors as attractive returns and rent growth surge says a new report from Newmark.
Asking rents for lab space in the San Francisco Bay Area, Chicago, Raleigh and Boston have increased by more than 60% since the first quarter of 2016 while office rents increased by only 15–30% during the same period with similar trends in Philadelphia, New Jersey and Los Angeles, the real estate firm notes.
Demand for lab space has intensified during the last year, particularly in biotech hubs such as Boston/Cambridge, the San Francisco Bay Area and San Diego.
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