Central MA Life Sciences Report 7
Cambridge. DeSimone and Sherman
said that generally life science space in
Boston is more than $100 per square
foot, while around Route 128, it's $60-
$80 per square foot, and around I-495,
it's $40-$50 per square foot.
Building out Worcester life sciences
Further out in Worcester, the market
suffers from a lack of lab space, said
DeSimone. This poses a problem for
the companies coming out of local
incubators and colleges. They can't find
existing lab space in the city, so they are
going to MetroWest for space.
"Investors and developers are saying,
'If I were to build a building, say on
495 or in Worcester, I need $60 to $70
rents just to make the math work,'" said
DeSimone.
Mike O'Brien, principal of Webster
developer Galaxy Life Sciences, is
betting on the life sciences industry
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Jie Chen, senior vice president
and head of MFG11 and
MFG18 sites for WuXi Biologics,
announced in September
the company will increase its
Worcester investment from $60
million to $300 million.
P H O T O / C O U R T E S Y O F W U X I B I O L O G I C S
Continued on page 8
