Cambridge: The Tech & Biotech Real Estate Ripple Effect

Cambridge: The Tech & Biotech Real Estate Ripple Effect

Kendall Square is the 'most innovative square mile on the planet.' But how does a new lab opening affect a residential condo in East Cambridge?

The Impact

• Job Growth: Every lab job creates roughly 5 additional local service and retail jobs.
• Rental Demand: Thousands of high-earning researchers and executives need housing nearby, keeping rents and property values among the highest in the US.
• Walkability: The influx of tech money has transformed once-industrial areas into vibrant, walkable neighborhoods with world-class dining.

The Future

Even with hybrid work, the 'cluster effect' of Biotech ensures Cambridge remains a recession-proof real estate market.

[[CTA]] Looking to invest in the path of progress? Let's look at the areas around the newest lab developments.