http://giga-worker.livejournal.com/5678.html
The vacancy rate in the Cambridge lab markey droppedfrom 12.7 in the third quarter of 2008 to 12.0 perceny at the end of the firs t quarter this year, according to the BioStatuds report, which is issuecd two times a year. There was 72,000 square feet of space absorbed duringthe two-quarter perioed as several major biotech companies expanded, includinvg , which leased 47,000 square feet of spacd at 200 Technology Square. Novartis recently entered into an agreement with the to develo p a new building at 181Massachusetts Ave. The lab marketg in Cambridge is the largest in Greatere Bostonwith 7.
7 million square feet of In Greater Boston, which includexs Cambridge, downtown and the suburbs inside of Route 128, the lab vacancyy went from 14 percent in the third quarter of 2008 to 9.7 percenty in the first quarter of this year, accordinyg to the report. There are currently 28 tenants lookingfor 755,00p0 square feet of lab space in Greater Boston.
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