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Lab leases boom despite Covid-19's hit to commercial real estate

Lab leases boom despite Covid-19 s hit to commercial real estate
Quartz
12/16/2020
© Provided 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, California; San Diego, California; Washington DC and Baltimore, Maryland; and Raleigh and Durham, North Carolina. ....

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WBAL 11 News Today January 24, 2012

no delays from parkton on down. some slow going on the outer loop. delays falling into place on liberty down towards 70. that is the latest on traffic pulse 11. traffic is back to normal after an accident stop the southbound traffic for more than an hour last night. three tractor-trailer s and two a passenger vehicles collided in tube one of the tunnel just after midnight. the tunnel was closed for about an hour. the drivers of the cars were taken to the hospital. an investigation into the cause of the crash continues. a new jersey dr. is charged with murder. the doctor is accused of bringing a teenager to elkton to terminate a pregnancy. two doctors are both indicted under maryland law. closing arguments are set in the federal civil trial of a former deputy who fatally shot a man with a stun gun. the parents of jarrel gray are seeking money for what they claim was excessive force against their son. they say gray was resisting arrest when jarrel gray shocked him. the ....

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WBAL 11 News At 5 January 23, 2012

prepare for next year. i saw billy in the hallway today and he walked down the hall and gave me a stiff handshake. you have to give him credit. coach haroseth it takes 53 players to win the game coach haroseth it takes 53 players to win the game, and all 53 players when you lose a game. coach harbaugh said. it is tough for everybody. very tough for all the fans, and i know lowell melser has been checking in with the fans today. he is at m&t bank stadium with more fan reaction tonight. call was listening to you guys there, and for keith mills to say this is one of the worst losses he has ever seen really drives this home, because he certainly knows his sports. we were watching the game in canton yesterday, and the emotional roller coaster that all the fans were on during the game. the interesting thing i found out today is that fans are still staying strong and supporting the team. for ravens fans, it was as if the last few minutes of the afc championship h ....

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WBAL 11 News At 6 January 23, 2012

caliber of team that we have here. what we are able to build going into the future. he had a strong last two months of the season. now we look ahead to the nfl draft. i am not sure i can watch the super bowl. i wonder if lowell melser can watch the super bowl. he has an update from the fans. are you going to watch it, or not? the cares, at this point? a lot of people are saying they don t even want to talk about this anymore. so many people upset today. it was hard getting back to work or school. i watched the game with a bunch of fans in canton last night and it was an emotional roller coaster. ravens fans are pretty strong, and they are trying to take the positive out of a huge negative. for ravens fans, it was as if the last few minutes of the afc championship happened in slow motion. first, lee evans having the ball stripped from his hands in the end zone for a win, and then billy cundiff shaking a field goal for a tie. towards the end of the game, i saw a lot ....

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WRC News 4 At 6 January 20, 2012

morning. so definitely icy. we ll talk more about this storm and what we can expect for saturday afternoon in a few. looks nasty. thanks, veronica. local road crews are getting ready for the wintry mix that is expected to fall tonight. crews in northern virginia and maryland have pretreated the roads with a salty brine solution that prevents the first layer of snow from sticking. the salt domes are stocked and ready to go. v dot says once the wintry mix starts they ll focus on trouble spots like bridges and on and off ramps. maryland officials say crews are at the ready whenever the weather moves in. our crews are going to stay in through the evening and overnight hours. not going to go home tonight. mother nature is tricky even though they said 7:00, 8:00, 9:00 tonight is when it is supposed to start. it ll start around 6:00. we don t want to be caught, you know, having to come back in. we want to be ready. several school districts have already canceled weekend ....

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