The contrast to lab rents and the bay area life sciences market is striking. [1] Near 0 vacancies, rising rents[2] and a huge boom in construction. It'll be a

The contrast to lab rents and the bay area life sciences market is striking. [1] Near 0 vacancies, rising rents[2] and a huge boom in construction. It'll be a painful shakeup, but eventually the market will normalize to a price where renovating office space for labs and new hybrid work environments makes sense. Anecdotally, family and friends in structural and architectural fields in the bay are busier than ever with these types of retrofits. 1 - https://kidder.com/market-reports/san-francisco-life-science-market-report/ https://kidder.com/market-reports/san-francisco-life-science... 2 - https://www.bizjournals.com/sanfrancisco/news/2021/11/12/bay-area-lab-demand-growing.html https://www.bizjournals.com/sanfrancisco/news/2021/11/12/bay...