As Covid-19 pummels commercial real estate, one specialized sector booms ...Middle East

Economy by : (Quartz) -
With storefronts largely empty of customers for the last 10 months, some fear a commercial real estate apocalypse is upon us. But one sector has thrived before Covid-19, during the pandemic, and likely will after: commercial lab space.According to an October report from CBRE, a commercial real estate company based in Washington DC, commercial lab space for US biotech and life science companies has grown by about 12% this year. Labs currently occupy about 95 million square feet, with 11 million more under construction.The top five regions for “wet” labs—the kinds of spaces with benches, petri dishes, and designated sterile areas—were Boston and Cambridge, Massachusetts; San Francisco, Califor

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