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Old Posted Aug 10, 2022, 5:34 PM
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Urbanthusiat Urbanthusiat is offline
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Join Date: Dec 2015
Location: South Philly
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Quote:
Originally Posted by MetaldDeth81 View Post
Are we oversaturating the market with all of these lab/life-science spaces?

https://whyy.org/articles/philly-lif...estate-market/
The great part about being an observer is that it's not my money and I don't really care if some rich funds lose money on a deal as long as Philly benefits from getting a nice new building. All of these will fill up.

But also, no, I don't think we're building too much. They guy also says "What’s more, Vandegrift said, all of Philadelphia’s incubator spaces for biotech companies are full.

“Generally speaking, we still feel really positive and bullish about the future of this industry. We don’t think it’s going backwards,” said Vandegrift."