The explosive growth of the life sciences sector amid the coronavirus and the real property it requires has captured the attention of commercial real estate investors and could be a “real opportunity” for Boston’s distressed market.

“The lab market, the life sciences market is still very strong and is seeing continual growth. It’s seen as a real opportunity for Boston’s economy,” said Aaron Jodka of Colliers International, which tracks real estate trends.

The coronavirus crisis has flipped much of Boston’s real estate market on its head when it comes to residential and office space. For the first time in years, it’s a renter’s market and landlords have been left scrambling to fill spaces as vacancies skyrocket.

It’s a trend that hasn’t held true in the life sciences or industrial markets.



Source Google News