A rise in new technology sectors appears to be the saving grace for biomanufacturing developers trying to fill projects in an increasingly slow life sciences market. An increase in federal and state funding has helped spur the growth of two emerging sectors that have the potential to provide substantial real estate demand in Greater Boston: clean tech and tough tech. Several real estate executives who spoke at Bisnow's Boston Biotech Summit on Tuesday pointed to these sectors as ones in which the region has the potential to become a leader.
Tough tech encompasses a wide range of technologies used to solve issues in human health, climate change and advanced systems and infrastructure, according to Massachusetts Institute of Technology-founded venture capital firm The Engine. Clean tech includes renewable energy, electric vehicles, battery storage and alternative fuels, according to… Read the full story here. |